Baring PE Asia acquires CMS Info Systems for INR 2000 crore
Q. Baring PE Asia has acquired which cash management company in an INR 2000 crore deal on 9th September, 2015?- Published on 10 Sep 15a. CMV Info Systems
b. CMS Info Systems
c. Rovio
d. 3Plet
ANSWER: CMS Info Systems
Baring PE Asia has acquired cash management firm CMS Infosystems in an INR 2000 crore deal. It acquired 53% stake from Blackstone Group, 37% stake from promoter Ramesh Grover and remaining 10% from employees. Blackstone had earlier invested INR 190 crore to acquire 53% stake in CMS. To retain the existing management team, Bearing PE Asia has offered ESOPs. CMS Infosystems is managing 55% of cash circulating in India at present. It also created self service terminals of 8000 plus ATMs for SBI and associate banks.
