CMS Info Systems Limited announced that its Board has approved the acquisition of underlying operating assets related to the ATM Management solutions business from Financial Software and Systems Private Ltd (“FSS”). This strategic transaction includes the novation of approximately 8,000 ATM customer contracts. The purchase consideration for this business acquisition is set at upto ₹115 crores. The deal is classified as a Not a Related Party transaction, ensuring alignment with market standards.
Board Approves Strategic Acquisition
The Board of Directors of CMS Info Systems Limited has formally sanctioned the acquisition of key operating assets from Financial Software and Systems Private Ltd (“FSS”). This strategic move centers on FSS’s ATM Management solutions business. The primary purpose is to integrate the underlying operating assets and secure the novation of associated customer contracts, covering an estimated 8,000 ATMs.
Terms of the Transaction
The financial commitment for acquiring these operational assets and contracts has been established. The purchase consideration is significant, set at upto ₹115 crores. Furthermore, the company confirmed that the transaction does not involve the said parties being related to the promoter or group companies. It has been explicitly verified that the transaction would fall within the ambit of Not a Related Party transaction.
Disclosure Highlights
In compliance with required corporate disclosures, CMS confirmed that there is Nil shareholding interest in the entity with whom the agreement is executed. No issuance of shares is associated with this agreement, rendering related clauses Not applicable. The company has taken necessary steps to formalize the agreement following its initial press release dated February 12, 2026.
Source: BSE
