CAMS Shares Rise 3% After Arm CAMS Payment Services Receives RBI Authorization
AI Summary1 min read
TL;DR
CAMS shares surged 3.3% after its subsidiary CAMS Payment Services received RBI authorization to operate as a Payment Aggregator, with a market cap of ₹18,649.33 crore and a business sale agreement for up to ₹8.5 crore.
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CAMSRBI authorizationPayment Aggregatorstock marketbusiness transfer
CAMS shares rise 3.3% to an intra-day high of ₹758.3 after its arm CAMS Payment Services receives RBI authorisation to operate as a Payment Aggregator. The company has a total market capitalisation of ₹18,649.33 crore and has signed a Business Transfer Agreement to sell its Payment Aggregator business to CAMSPay for up to ₹8.5 crore.
