CMS Info Systems Ltd

As per screener, in Paytm, promoter has zero holding !
Other few examples of companies having zero promoters holding are -

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If you see the list, i am comfortable holding large firms with zero promotor holding since any issues at these firms will impact so many ppl, that even govt will step in to stop it from going to zero; case in point back in 2009 when Satyam Fiasco unfolded, govt made sure the firm survived albeit with new management of Mahindras. The same can not be said of all the new age firms with less history and resources employed.

As for Paytm, even if the official records show Promotor holding as nill; we all know VSS has much more than just the skin in this firm… One way to look at this is how much of the Top Honchos personnel wealth is tied to the stock.

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CEO increasing stake to over 6%

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IMO, they should have given more clarity in this regard.
As of today, he has 1.01 Cr shares, which means he bought another 60 lakh shares. Of this, the shares allotted through ESOP is 48 lakh (must have been at some discount).
I have emailed the IR seeking clarity on this.

# shares (crore) % breakup
31-Dec-23 29-Feb-24 31-Dec-23 29-Feb-24
Sion 4.18 - 26.7% 0.0%
Rajiv Kaul 0.41 1.01 2.6% 6.2%
Others 11.08 15.26 70.7% 93.8%
15.67 16.27 100% 100%


Link


Disc: Invested in family & Client accounts. SEBI-registered.

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An older article from Dec 2023 ( posting just for reference)

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Rajiv kaul increased stake via esop.

https://twitter.com/Nigel__DSouza/status/1764532141906391471?t=mAGMOD60TDTALAt77egkDQ&s=19

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CMS has added some marquee investors when Sion exited.

Name Avg. Price Quantity
NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBAL 386.33 21,84,806
ELIMATH ADVISORS PRIVATE LIMITED 378.82 8,50,000
MORGAN STANLEY ASIA SINGAPORE PTE 370.05 8,69,145
IIFL SECURITIES LIMITED ERROR ACCOUNT 370.05 12,16,050
MATHEW CYRIAC 370.67 12,82,000
SANATAN FINANCIAL ADVISORY SERVICES PRIVATE LIMITED 375.50 10,00,000
THINK INDIA OPPORTUNITIES MASTER FUND LP 370.05 13,81,667
WF ASIAN RECONNAISSANCE FUND LTD 370.05 26,25,167
INDIA ACORN ICAV 370.05 10,39,700
ABU DHABI INVESTMENT AUTHORITY - WAY 370.05 8,46,560
NOMURA FUNDS IRELAND PUBLIC LTD COINDIA EQUITY FUND 370.05 43,10,617
AIG GLOBAL INVESTMENT CORPORATION (ASIA) A/C AIG GLOBAL FUNDS-AIG INDIA EQ 370.05 12,50,000
ICICI PRUDENTIAL MUTUAL FUND 370.05 15,00,000
ICICI PRUDENTIAL MUTUAL FUND 370.05 12,16,947
ICICI PRUDENTIAL MUTUAL FUND 370.05 9,46,514
ICICI PRUDENTIAL MUTUAL FUND 370.05 19,47,116
KOTAK MAHINDRA MUTUAL FUND A/C - KOTAK SMALL CAP FUND 370.05 36,25,712
GRAVITON RESEARCH CAPITAL LLP 385.99 8,36,705
SOCIETE GENERALE 370.05 7,90,833

However, the stock has limited visibility amongst the broader analyst community. The presence of such investors which should hopefully improve visibility in the coming quarters.

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Hi All, Quick question:
Securitrans India Pvt. Ltd., a wholly owned subsidiary of CMS Info Systems Limited received GST Tax order confirming original demand of Service tax pertaining to the period of October 2016 to March 2017 and April to June 2017 and imposing penalty.

Since it mentions original order for a dated period, i don’t think this should lead to any impairment now or in future. Obviously the firm will contest but even if it looses, still there should not be any impairments; the amount (19.33Cr) would have already been set asides in the books, right?

Some additional, useful PR

business-india-cms.pdf (394.5 KB)

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