Ceinsys Tech has further invested $2.16 million by way of Infusion of fresh equity capital in its wholly owned foreign subsidiary, Technology Associates Inc., USA (TA Inc). The investment aims to meet various funding requirements for seizing growth opportunities through TA Inc in USA. There is no change in the shareholding percentage of the company in Technology Associates Inc., USA pursuant to this subscription.
Earlier, the company board of directors of the company at its meeting held on February 9, 2026, had approved conversion of pre-existing inter-company loans to equity and also infusion of fresh equity capital in TA Inc upto Rs 40.00 crore.
Currently, out of the total approved investment limit of 40.00 crore, the company has made further investment of $2.16 million (equivalent to around Rs 20.28 crore), by subscribing to 5,855.73 equity shares of face value $1 each issued at $369.04 each by TA Inc.
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 | 2578.45 |
| Infosys | 1311.95 |
| HCL Tech. | 1428.35 |
| Wipro | 202.40 |
| Tech Mahindra | 1504.10 |
| View more.. | |
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