CAMS to Exit Payment Aggregator Business; Sells Unit to CAMSPay for up to ₹85 Million

Computer Age Management Services Ltd announced that it has executed a definitive agreement to transfer its payment aggregator business to CAMSPay, a related entity focused on digital payment solutions. The deal consideration is expected to be up to ₹85 million, subject to customary adjustments and closing conditions.

CAMS said the proposed sale is in line with its strategy to sharpen focus on core businesses such as mutual fund registrar and transfer agency (RTA) services, alternative investment fund servicing, and other capital market infrastructure solutions. Moving the payment aggregation vertical under CAMSPay is aimed at creating a more specialized, scalable platform for digital collections and payment processing.

The transaction is subject to regulatory and contractual approvals, post which the business, assets and associated employees of the payment aggregator vertical will transition to CAMSPay.

Key highlights

CAMS signs agreement to sell its payment aggregator business to CAMSPay.

Transaction value: Consideration expected to be up to ₹85 million.

Deal aligns with CAMS’ strategy to focus on core capital market services.

CAMSPay to drive specialized growth in digital payments and collections.

Completion subject to customary closing conditions and approvals.

Source: Company announcement / stock exchange filing by Computer Age Management Services Ltd.