English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksCMS Info's promoter likely to offload entire 26.7% stake at Rs 360 per share

    CMS Info's promoter likely to offload entire 26.7% stake at Rs 360 per share

    Sion Investment’s stake sale will be likely worth over Rs 1,500 crore

    Moneycontrol News
    February 26, 2024 / 18:38 IST
    .

    Sion Investment is likely to sell its entire 26.69 percent stake in the company.

     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    CMS Info Systems' promoter Sion Investment is likely to sell their entire 26.7 percent stake in the company through block deals, sources told CNBC Awaaz  on Monday. The shares will be sold at Rs 360 per share, which is a 9 percent discount to current market price through block deals.

    Sion Investment’s stake sale will be likely worth over Rs 1,500 crore. IIFL Securities will be the broker.

    This story will be updated

    Moneycontrol News
    first published: Feb 26, 2024 06:38 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347