Deutsche Securities Mauritius has sold nearly 5% stake in Cyient for Rs 344 crore through an open market transaction. It disposed 54.56 lakh shares or 4.84% stake. The shares were offloaded at an average price of Rs 630.35, valuing the transaction at Rs 343.91 crore.
However, Goldman Sachs India Fund has purchased 16.50 lakh shares, amounting to 1.46% stake in Cyient. The shares were bought at a price of Rs 630 per scrip, translating into a transaction of Rs 103.95 crore.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders.
