MoneyWorks4Me

Cyient to sell its entire stake in Infotech Enterprises Information Technology Services

27 Aug 2015 Evaluate

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.



Peers
Company Name CMP
TCS 2528.00
Infosys 1154.50
HCL Technologies 1424.00
Wipro 189.75
Tech Mahindra 1789.40
View more..