Shares of CMS Info Systems are in focus today after the firm said it has raised its stake in Securens Systems Private Limited to 75.78% by acquiring additional shares through a Rights Issue. The acquisition is part of CMS’s strategy to decrease finance costs, enhance profitability, and strengthen its AIOT-based remote monitoring capabilities, which is expected to drive growth in an emerging business line. Advertisement

CMS Info Systems stock ended 2.75% lower at Rs 360.10 on Tuesday against the previous close of Rs 370.30 on BSE. Market cap of the firm stood at Rs 5,922 crore.

"We wish to inform you that CMS Info Systems Limited (“CMS”) has acquired 22,75,000 additional fully paid equity shares of Rs 10 each of Securens Systems Private Limited (“Securens”) at a premium of Rs 100 per sha

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