Computer Age Management Services Limited — Capital/Financing Update 2022

Mar 7, 2022

March 7, 2022

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BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol: CAMS

Dear Sir / Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

This is to inform you that Computer Age Management Limited (“CAMS” or “the Company”) has entered into Share Subscription and Purchase Agreement and Shareholders Agreement with the existing promoters and shareholders of Fintuple Technologies Private Limited (“Fintuple”) and with Fintuple to make a strategic investment in Fintuple by way of a primary and secondary acquisition amounting to 51 % of the total paid-up share capital in the form of Equity Shares (“Transaction”).

The Transaction is proposed to be completed by March 31, 2022 and accordingly Fintuple shall become a subsidiary of the Company as per the conditions set out in the Shareholders Agreement signed between CAMS, Fintuple, the promoters and an existing shareholder.

Press Release on the aforesaid acquisition is enclosed as Annexure I for your perusal and information. The details required under Regulation 30 of SEBI LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure II.

Further, pursuant to Regulation 30(8) of the SEBI LODR Regulations the enclosed disclosures and the press release are also made available on the Company's website at the below mentioned link:

https://www.camsonline.com/about-cams/shareholder-relations/stock-exchange-intimation

We request you to kindly take the same on record.

Thanking you,

Yours faithfully, For Computer Age Management Services Limited

Manikandan Digitally signed by Manikandan GopalakrishnanDN: cn=Manikandan Gopalakrishnan c=INo=Personal Gopalakrishnan Reason: I am the author of this documentLocation: Date: 2022-03-07 09:29+05:30

G Manikandan Company Secretary and Compliance Officer

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Annexure I

Draft Press Release

CAMS acquires majority stake in Fintuple

Acquisition aimed to strengthen value proposition for AIF and PMS

Chennai 7[th] March 2022: Computer Age Management Services Limited (CAMS), India’s leading financial infrastructure for mutual funds, alternative investment funds (AIF) and portfolio managers (PMS) announced the acquisition of majority stake in Fintuple Technologies Private Limited (Fintuple), a Fintech start-up offering platform and API solutions for AIFs, PMSs, Custodians and Distributors.

Founded in 2018, Fintuple is a new age start-up which has launched niche technology offerings in the areas of client digital on-boarding, eKYC, fund reports, and other support digital solutions for AIF and PMS. In a short span, Fintuple has added marquee AIF brands and Banks to its client roster and is set to expand its footprint as the gateway connecting the digitally savvy consumers to digitally enabled manufacturers and providers, via APIs.

As the market leading service partner to the AIF and PMS segment, CAMS platform serves over 120 clients across all facets of the operations of Investor servicing, Fund accounting, Digital and Valueadded services. While the AIF and PMS segment is splintered with several service providers, CAMS’s specialisation and continued enrichment to the service stack through digital enhancements have helped secure a leading market share in the domestic AIF and PMS industry. With the addition of Fintuple Technologies portfolio of offerings, CAMS is geared towards further strengthening its value proposition for AIF and PMS.

Commenting on the acquisition, Mr. Anuj Kumar, Managing Director - CAMS , said, “We expect the AIF and PMS markets to grow at a CAGR of more than 15% over the next decade, and hence found investing into Fintuple as a great opportunity that will assist CAMS and Fintuple in the overall market reach and revenue diversification. The Fintuple solution suite will ensure clients who have more bespoke needs to be serviced with ease and speed. The acquisition will further drive CAMS’s vision of providing technologically superior products in the BFSI space, specifically the rapidly growing AIF and PMS segment.”

Mr. Kaushik Narayan, Co-Founder - Fintuple , added “Alongside the growth potential, the AIF and PMS segment is also poised for technology led transformation. The synergy between CAMS and Fintuple’s solutions can be leveraged to solve industry problems and partner clients to build unique, friction-less experiences for their customers.”

Fintuple’s product offerings seeks to address challenges in an investor’s journey starting with the onboarding process arising from siloed systems and lack of exchange of data among the ecosystem players in AIF / PMS space and redundancy in account opening across institutions. The investment fortifies CAMS’s position as the leading provider of technology solutions in this market and further strengthens its product offerings especially for Digital Onboarding and eKYC.

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About CAMS Limited (www.camsonline.com) BSE: 543232; NSE: CAMS

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience. The Company is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of approximately 70% based on mutual fund average assets under management (“AAUM”) managed by its clients and serviced by them. Over the last five years, the Company has grown its market share from approximately 61% during March 2015 to approximately 70%, based on AAUM serviced. Its mutual fund clients include all top five mutual funds as well as ten of the fifteen largest mutual funds based. The Company is market leading service partner to alternative investment funds and portfolio managers with full-stack digital and fund administration services. CAMS is the primary Payments services provider for Mutual funds and several NBFCs. Services to insurance companies and eInsurance services are provided via the subsidiary CAMSRep. The company has recently launched account aggregator service CAMSfinserv, a pathbreaking initiative for consent-based data sharing.

For further information, please contact:

Saloni/ Ravi

MSL

Mobile: 9840412140/ 9382887608 E-mail: saloni.bisani@mslgroup.com/ ravishankar.kandarpa@mslgroup.com

DISCLAIMER: Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Computer Age Management Services Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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Annexure II

Disclosure under sub-para (1) [i.e., Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

S. No.	Particulars		Details
a.	Name and details of the target entity	:	Fintuple Technologies Private Limited, a company registered under the Companies Act, 2013 in India
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired	:	The acquisition does not fall within related party transactions. The promoter/ promoter group have no interest in Fintuple.
c.	Industry to which the entity being acquired belongs	:	Fintech
d.	Objects and effects of acquisition	:	The transaction will be in the direction of CAMS vision of providing technologically superior products in fast growing BFSI space in general and AIF / PMS. This will also result in the enhancement of product offering in the fast-growing AIF/PMS space. The same will also result revenue diversification.
e.	Brief details of any governmental or regulatory approvals required for the acquisition	:	None
f.	Indicative time period for completion of the transaction	:	The transaction is expected to be completed by 31stMarch 2022.
g.	Nature of consideration (cash consideration or share swap and details of the same)	:	All cash.
h.	Cost of acquisition or the price at which the shares are acquired	:	Acquisition of the shares of Fintuple will be done at a mutually agreed pre-money enterprise valuation. The said pre-money enterprise valuation has not been disclosed herein due to reasons of confidentiality.
i.	Percentage of shareholding / control acquired and / or number of shares acquired	:	51% of the equity shares on a fully diluted basis by a combination of acquisition from existing shareholders and allotment of fresh shares by Fintuple by way of private placement.

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j. Brief background about the entity : Fintuple Technologies Private Limited, a company acquired in terms of products / line of registered under the Companies Act, 2013 in India business acquired, date of providing the digital layer of infrastructure to all aspects incorporation, history of last 3 years of the asset management industry through a single source turnover, Country in which the including data & insights, onboarding of investors, knowacquired entity has presence your-customer, marketing, portfolio analytics, transactions & execution and ancillary services. Details of Turnover: Year Approx. Revenue (In Rs. lacs) FY 2021 – 2022 91.00 (Unaudited up to Feb, 22) FY 2020 – 2021 19.34 (Audited) FY 2019 – 2020 0.72 (Audited)

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