Financial Wire

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.

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