India's CMS Info Systems rises on stake hike in Securens

Cms Info Systems

08/10/2025 10:20

** Shares of CMS Info Systems CMSN.NS jump 5.6% to 380 rupees, biggest intra day percentage gain since March 21

**  Co acquires 2.27 million shares in Securens Systems for 250 mln rupees  ($2.82 mln) via rights issue

** Stake rises to 75.78% post acquisition; full buyout expected in coming months

** Move aims to reduce finance costs, boost profitability and expand AIoT-based remote monitoring capabilities with a broader client base

** More than 3 mln shares change hands, 4.5x of 30-day avg

** CMSN rated "strong buy" by 4 analysts on average; median target price is 510 rupees – data compiled by LSEG

** Stock down 21.9% YTD

($1 = 88.7660 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))