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CMS Info Systems files draft papers for Rs.2,000-Cr IPO

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Baring Private Equity Asia-backed CMS Info Systems has filed a draft red herring prospectus with Sebi to launch its IPO. The company plans to mobilise INR 2,000 crore through the IPO that consists entirely of an offer for sale (OFS) by promoter Sion Investment Holdings Pte Ltd. Sion, an affiliate of Baring Private Equity Asia, acquired the company in 2015. As of March 2021, the company is 100% owned by the promoter. CMS Info Systems is India's largest cash management company based on the number of ATM points and the number of retail pick-up points as of March 2021.

From the Venture Intelligence PE-VC Deal Database: In May-15, Baring Asia acquired a 56% stake in CMS from Blackstone in a $159.5 M deal. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)