Inspirisys Solutions Limited (BSE:532774) announced a private placement of 4,230,000 shares at INR 10 per share for gross proceeds of INR 42,300,000 from existing investor CAC Holdings Corporation on February 23, 2019. The transaction has been approved by the board of directors of the company and is subject to shareholder approval at the extra-ordinary general meeting to be held on March 22, 2019.