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BSE to buy stake in investor services firm CAMS - paper
People walk past the Bombay Stock Exchange (BSE) building in Mumbai January 9, 2009.
Credit: Reuters/Punit Paranjpe/Files
MUMBAI |
MUMBAI (Reuters) - The Bombay Stock Exchange (BSE) plans to buy a majority stake in investor services company Computer Age Management Services (CAMS) for 6.5 billion rupees ($140 million), the Economic Times reported on Monday.
Asia's oldest exchange may buy 51 percent from shareholders of CAMS including top mortgage lender Housing Development Finance, private fund Advent International and Acsys Software, the newspaper said, citing people familiar with the negotiations.
Officials at the BSE and CAMS could not immediately be reached by Reuters for comment.
Last month, billionaire financier George Soros bought a 4 percent holding in the BSE for about $35 million, sources with knowledge of the deal had told Reuters, valuing the bourse at around $875 million.
(Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)
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