Cyient strengthens as its arm concludes acquisition of Blom Aerofilms

02 Dec 2016

Cyient is currently trading at Rs. 495.00, up by 2.60 points or 0.53 % from its previous closing of Rs. 492.40 on the BSE.

The scrip opened at Rs. 492.85 and has touched a high and low of Rs. 497.30 and Rs. 491.25 respectively. So far 205356 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 555.00 on 13-Oct-2016 and a 52 week low of Rs. 370.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 511.00 and Rs. 480.00 respectively. The current market cap of the company is Rs. 5559.15 crore.

The promoters holding in the company stood at 22.19%, while Institutions and Non-Institutions held 64.61% and 13.20% respectively.

Cyient’s wholly owned subsidiary Cyient Europe, UK, has concluded acquisition of 100% equity in Blom Aerofilms, Cheddar, Somerset, England, a leading geospatial services provider, effective from November 30, 2016.

Earlier, in November, Cyient Europe, UK, had signed a definitive agreement to acquire 100% equity in Blom Aerofilms, Cheddar, Somerset, England, a leading geospatial services provider.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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