Baring PE-backed CMS Info Systems files to raise $270m via Indian IPO

Baring PE-backed CMS Info Systems files to raise $270m via Indian IPO

Photo: Unsplash

Baring Private Equity-backed CMS Info Systems Ltd has filed a draft paper with the Securities and Exchange Board of India to raise 2,000 crore ($270 million) funds through an initial public offering (IPO).

The IPO consists of a pure offer for sale of up to 2,000 crore by Sion Investment Holdings Pte, an affiliate of Baring Private Equity Asia. Currently, Sion Investment Holdings hold 100% stake in the firm.

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