Oppenheimer Funds Inc. has increased its stake in Cyient through open market. Oppenheimer Funds Inc. (F.I.I.) and Sub-Accounts bought 527,000 equity shares representing 0.47% of total equity of Cyient though open market. Post acquisition, total holdings of Oppenheimer Funds Inc. (F.I.I.) and Sub-Accounts in Cyient increased to 5.15% from 4.68% earlier.
As of March 31, 2015, Oppenheimer International Small Company Fund held 4.1% stake in Cyient.
Cyient, formerly Infotech Enterprises is a company focussed on engineering, networks and operations. It has more than 12,000 employees across 38 global locations as of March 2014. The company features among the top 30 outsourcing companies in the world.
