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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. ....