Business Update17 Jan 2024, 03:52 pm
Zodius Technology Fund Acquires Stake in Ceinsys Tech Ltd
AI Summary
Zodius Technology Fund, represented by its investment manager Avezo Advisors Private Limited, has acquired a stake in Ceinsys Tech Limited, a technology company listed on the Bombay Stock Exchange. The acquisition was made through an open market purchase of 1,54,31,397 equity shares of Rs. 10 each, at a price of Rs. 211.75 per share, resulting in a total consideration of Rs. 324.99 crore. The acquisition represents 2.11% of the total voting capital of Ceinsys Tech Limited.,
Key Highlights
- Zodius Technology Fund acquires stake in Ceinsys Tech Limited
- Open market purchase of 1,54,31,397 equity shares at Rs. 211.75 per share
- Total consideration of Rs. 324.99 crore
- Represents 2.11% of the total voting capital of Ceinsys Tech Limited