Computer Age Management is in the limelight today. The stock, which had closed yesterday at Rs.3241.05, opened higher today at Rs.3294, going up to an intraday high at Rs.3540. Its 52-week high is at Rs.3741.70.
The stock is up after it announced that it has received the approval to set up an office at the GIFT city in Gandhinagar, Ahmedabad to provide asset management support (AMS) services to financial institutions.
The company “received a communication dated 25th August 2021 from International Financial Services Centres Authority (IFSC), Gandhinagar authorising it to undertake Administration, Asset Management Support Services and Trusteeship Services.
Earlier GIFT City Multi Services -SEZ had issued a letter of approval to the company, extending the facilities and entitlements admissible to units in GIFT City.
Setting up operations in GIFT city will enable the company to readily offer this canvas of services to AIFs based out of GIFT city.