Asia
Ceinsys Tech Invests Over $2 Million in US Subsidiary
Ceinsys Tech (BOM:538734, NSE:CEINSYS) has infused around $2.2 million in fresh equity into its wholly owned subsidiary Technology Associates Inc., USA, according to a Saturday filing on Indian bourses.Shares of the company fell over 1% in Monday's trade.The company subscribed to about 5,855 equity shares at an issue price of $369.04 per share, the filing said.The investment is part of a previously approved funding plan and will be used to support growth and funding requirements of the subsidiary, it added.
BOM:538734NSE:CEINSYS
