HDFC Mutual Fund has bought shares of Cyient for Rs 204 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Mutual Fund purchased 11.33 lakh shares, amounting to a 1.02 per cent stake in Cyient.
The shares were picked up at an average price of Rs 1,800 apiece, taking the deal size to Rs 204.10 crore. After the stake buy, HDFC Mutual Fund's shareholding in Cyient has increased to 2.1 per cent from 1.08 per cent.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.
