Army gave oxygen concentrator cylinder to two primary health centres of Akhnoor jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
Baring Asia looks to cash out of CMS Info Systems, seeks private equity, strategic buyers
SECTIONS
Share
Synopsis
The Hong Kong-based buyout group that owns 100% of CMS is in discussions with JP Morgan and other investment banks to formally launch a sale process shortly, tapping PE and strategic firms, said at least three people aware of the plan. The company received regulatory approval for an IPO in 2017 but didn t proceed because of the demonetisation impact.
ThinkStock Photos
Five and a half years after acquiring India’s largest cash logistics company CMS Info Systems, Baring Private Equity Asia is exploring an exit after currency in circulation surged 22% last year from a year before, a record high that belies the popular belief that cash usage is coming down.