WF Asian Reconnaissance Fund Sells 2.7 Million Shares of CMS Info Systems in Bulk Deal

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WF Asian Reconnaissance Fund has offloaded approximately 2.7 million shares of CMS Info Systems through a bulk deal, signaling a notable exit by this Hong Kong-based hedge fund from the logistics and technology company's stock. This transaction reflects active portfolio rebalancing amid evolving market conditions.

WF Asian Reconnaissance Fund, a prominent overseas hedge fund known for its investments in Indian equities, has sold 2.7 million shares of CMS Info Systems in a bulk deal recently executed on the stock exchanges. CMS Info Systems is a leading player in India’s cash logistics and ATM-managed services sector, providing technology and logistics solutions to banks, financial institutions, and retail clients.

This share sale by WF Asian Reconnaissance Fund forms part of a broader trend of institutional adjustments seen in CMS Info Systems. The company, backed substantially by promoter holdings, has witnessed interest from other foreign investors such as Abu Dhabi Investment Authority and Norges Bank, who have increased their stakes. The bulk deal by WF Asian Reconnaissance Fund could indicate a strategic portfolio shift or profit booking amid fluctuating market sentiments.

CMS Info Systems shares have demonstrated some volatility; for instance, the stock closed recently with a decline amid these trades. The hedge fund’s transaction, involving over 2.7 million shares, is significant for market watchers tracking institutional moves and could impact short-term trading activity.

Key Highlights:

WF Asian Reconnaissance Fund sold approximately 2.7 million shares of CMS Info Systems via a bulk deal.

CMS Info Systems is India’s largest cash management company, focused on ATM and retail cash logistics and technology solutions.

Promoter holdings remain strong, while other foreign investors like Abu Dhabi Investment Authority and Norges Bank have added to their positions recently.

The sale signals potential portfolio rebalancing or risk mitigation by WF Asian Reconnaissance Fund.

CMS shares have seen volatility around the deal, which may influence short-term market dynamics.

Institutional activity in CMS Info Systems remains robust, indicating ongoing investor interest despite market fluctuations.

Source: Economic Times, Moneycontrol, Goodreturns