Ceinsys Tech has completed the final part of second tranche by acquisition of 15,228 equity shares of Rs 10 each of Allygrow Technologies from Zodius Technology Fund II and Indiblu Investment Advisors (Mauritius), for cash consideration of Rs 4.10 crore.
With this, the final part of second tranche of the Strategic Investment in the equity shares of Allygrow Technologies as per the terms of SPA is completed and the company now holds entire equity share capital in Allygrow Technologies i.e. 2,52,780 equity shares of Rs 10 each. Pursuant to the said acquisition, Allygrow Technologies has become the Wholly-owned Subsidiary of the Company.
Ceinsys Tech (formerly ADCC Infocad) is a specialist in GIS & is an Engineering services solution provider company, servicing clients across a range of corporate and government segments helping improve their engineering efficiency, support global footprint and improve competitiveness.
| Company Name | CMP |
|---|---|
| TCS | 2447.50 |
| Infosys | 1173.60 |
| HCL Technologies | 1361.60 |
| Wipro | 188.35 |
| Tech Mahindra | 1679.85 |
| View more.. | |
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