Computer Age Management Services (CAMS) has executed an agreement for the sale of its payment aggregator business unit to CAMSPAY. The transaction, with consideration expected to be up to ₹85.00 million, represents a strategic corporate restructuring initiative for the financial services company.

Transaction Details

The deal involves the complete transfer of CAMS' payment aggregator business operations to CAMSPAY. This strategic decision allows CAMS to streamline its operations while generating substantial value from its payment processing assets.

Strategic Implications

The divestiture of the payment aggregator business enables CAMS to focus resources on its core financial services operations. By selling this business unit to CAMSPAY, the company can concentrate on its primary revenue-generating segments while ensuring the payment aggregator business continues under specialized management.

Business Restructuring Impact

This transaction forms part of CAMS' broader corporate strategy to optimize its business portfolio. The executed agreement ensures continuity of payment aggregator services while allowing both companies to leverage their respective strengths in their specialized domains.

The completion of this deal will provide CAMS with additional capital that can be deployed toward strengthening its core business operations and exploring new growth opportunities in the financial services sector.

Computer Age Management Services Limited (CAMS), a leading technology-driven financial infrastructure and services provider, has executed a Business Transfer Agreement (BTA) for the transfer of its Payment Aggregator business to its wholly-owned subsidiary, CAMSPay. The agreement was signed on December 17, 2025, marking a significant milestone in the company's business restructuring initiative.

RBI Approval and Certificate Issuance

CAMS Payment Services Private Limited (CAMSPay) has received a Certificate of Authorisation bearing No. 268/2025 dated December 16, 2025, from the Reserve Bank of India. The RBI communicated this development to the company on December 17, 2025. Following the completion of procedural formalities within fifteen days, the existing Certificate of Authorisation bearing No. 183/2024 issued to Computer Age Management Services Limited will be cancelled.

Business Transfer Agreement Details

The company has executed the BTA on a slump sale basis with December 31, 2025, as the tentative closing date. Key details of the transaction include:

Financial Considerations and Valuation

The consideration for the transfer will not be less than the fair market value of the Payment Aggregator Business as determined under Rule 11UAE of the Income Tax Rules, 1962. The expected consideration is up to ₹8.50 crores, subject to any movement in working capital and other items during the intervening period up to completion.

Strategic Rationale

The Payment Aggregator Business currently operates as one of CAMS' business divisions, covering payment gateway and aggregation services, including collection, pooling, processing, and settlement of funds. The business serves a wide range of clients through integrations with banks, NPCI platforms, card networks, payment gateways, and technical service providers.

As a regulated entity under multiple regulators, CAMS aims to carve out its Payment Aggregator Business under its wholly-owned subsidiary on a going concern basis. This restructuring is expected to result in better administrative convenience and regulatory compliance, as this business is regulated by the Reserve Bank of India. The carve-out will enable better focus on regulatory compliance with a dedicated compliance officer and other Key Managerial Personnel.

Related Party Transaction

The transaction qualifies as a related party transaction between CAMS and CAMSPay, which is a wholly-owned subsidiary. Since the transaction is between the holding company and its wholly-owned subsidiary, and the entire economic value will remain with the holding company following the transfer, the arms-length principle is not applicable. The company has confirmed that there will be no change in the shareholding pattern pursuant to this slump sale.