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.
