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

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.

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