Cyient has signed a definitive agreement to sell its entire stake in Infotech Enterprises Information Technology Services, a wholly owned subsidiary engaged in IT services, with intent to focus on its core engineering services and DNO businesses. The impact of this transaction on earnings per share (EPS) is expected to be neutral.
Cyient, formerly Infotech Enterprises is a company focussed on engineering, networks and operations. The company features among the top 30 outsourcing companies in the world.
