Baring Asia looks to cash out of CMS Info Systems, seeks private equity, strategic buyers

The Hong Kong-based buyout group that owns 100% of CMS is in discussions with JP Morgan and other investment banks to formally launch a sale process shortly, tapping PE and strategic firms, said at least three people aware of the plan. The company received regulatory approval for an IPO in 2017 but didn't proceed because of the demonetisation impact.

from Banking/Finance-Industry-Economic Times https://ift.tt/37XV5tq