December 24, 2013
Press Release No. 1
Strategic Investment arm of NSE acquires
45 per cent stake in CAMS
Computer Age Management
Services Pvt. Ltd (CAMS) is a professionally managed, institutionally owned,
SEBI regulated entity engaged as an IT-enabled service solution partner to BFSI
players, primarily to mutual funds in India. CAMS combines IT infrastructure,
domain expertise and process maturity to serve both as a B2B and B2C solutions
partner. As a service solutions partner, CAMS has strongly supported the growth
of its customers, by continuous investments in technology, infrastructure and
human resources.
With a view to broad base
the ownership, CAMS has brought in a change in the shareholding structure which
will give a boost to its clients, company and shareholders. Strategic
Investment Corporation, an arm of National Stock Exchange (NSE), India's leading
stock exchange, is acquiring a stake to bring this need-based evolution.
This association will bring
in unique capabilities in expanding the reach of mutual funds and other
financial products through the exchange infrastructure of member terminals across
the country, apart from its unique capabilities in governance of members,
settlement and market making.
To realign the shareholding pattern, the Strategic
Investment Corporation of NSE has now entered into agreement to invest in CAMS
by acquiring 45% of equity capital of CAMS comprising of the entire stake of
Advent International, the global private equity partner and a portion of the
stake from other shareholders namely HDFC, HDFC Bank and Acsys Software India
Pvt Ltd.
The balance 55% of shares in CAMS would continue to be
held by Acsys Software (India) Private Limited and HDFC group. All three
shareholders would be represented on the Board of Directors of CAMS. There will
be no change in CAMS management team and structure and business would continue
as usual.
NSE group greatly values the management and the
dedicated team of employees at CAMS and would work with them to achieve the
huge potential in expanding the reach of financial products including mutual
funds. CAMS and NSE also acknowledge the significant role the current
shareholders have played in evolving the business to a diversified BFSI
financial infra company with a professional team.
Press Release No. 2
Clarification by
BEML Limited
Substantial increase in
trading volumes have been observed in BEML Limited. The Exchange, in order to
ensure that investors have latest relevant information about the company and to
inform the market place so that the interest of the investors is safeguarded,
had written to the company. BEML Limited has vide its letter inter-alia stated,
"We hereby inform that there is no such specific events/ information from
our side."
Press Release No. 3
Clarification by
Dewan Housing Finance Corporation Limited
Substantial increase in
trading volumes have been observed in Dewan Housing Finance Corporation
Limited. The Exchange, in order to ensure that investors have latest relevant
information about the company and to inform the market place so that the
interest of the investors is safeguarded, had written to the company. Dewan
Housing Finance Corporation Limited has vide its letter inter-alia stated,
"We had informed the exchanges vide our letter dated 25th July, 2013, that
the Company had executed definitive agreements for acquiring 50% equity stake
from DLF Ltd., in DLF Pramerica Life Insurance Company Ltd. (DPLI), subject to
receipt of requisite regulatory approvals from National Housing Bank (NHB) and
Insurance Regulatory and Development Authority (IRDA). Further upon receipt of
the said approvals, the Company had on 18th December, 2013 duly informed the
exchanges about the closing of the said transaction. Copies of the aforesaid
letters are attached herewith for your perusal.
Please note that apart from
the above event and information there is no other announcement (including
pending announcement), to be disclosed by the Company, which may have a bearing
on the volume behaviour in the scrip of the Company."