Ceinsys Tech, Ltd. (BSE CODE: 538734) has successfully issued equity shares and share warrants through a preferential allotment to raise ₹235 crore (approximately $28 million). This initiative will facilitate the company’s expansion through inorganic growth opportunities and enhance its international presence by broadening its service offerings abroad.

The company has already taken steps in this direction by recently acquiring the business assets of the U.S.-based geospatial firm VTS. In addition to this investment in the U.S., it has expanded its presence in the Asia Pacific region by establishing a wholly owned subsidiary to enhance technology enablement services that will be offered globally.

This funding reinforces CeinSys’s strong fundamentals and supports its global growth strategy launched in March, focused on acquiring businesses that complement its expertise in Geospatial, Engineering Research and Development (ER&D), and Emerging Technologies. Mr. Sagar Meghe, Chairman, expressed confidence in the company’s ability to leverage its core strengths, while CEO Mr. Prashant Kamat highlighted the investment’s commitment to CeinSys’s vision and growth trajectory.

Rare Capital, a U.S.-based investment firm, has invested nearly ₹125 crore (approximately $15 million) in this preferential allotment, aligning with its focus on high-growth sectors.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *