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An announcement from CMS Info Systems Ltd. ( (IN:CMSINFO) ) is now available.
CMS Info Systems Ltd. has increased its stake in Securens Systems Private Limited to 75.78% by acquiring additional shares through a Rights Issue. This acquisition is part of CMS’s strategy to reduce finance costs, enhance profitability, and strengthen its AIOT-based remote monitoring capabilities, which is expected to drive growth in an emerging business line.
More about CMS Info Systems Ltd.
CMS Info Systems Ltd. operates in the financial and technology services industry, providing cash management and payment solutions. The company focuses on enhancing its technological capabilities and expanding its market presence through strategic acquisitions.
Average Trading Volume: 35,960
Technical Sentiment Signal: Sell
Current Market Cap: 60.9B INR
For a thorough assessment of CMSINFO stock, go to TipRanks’ Stock Analysis page.