Cyient Ltd.

BSE: 532175 | NSE: CYIENT
Small Cap | IT - Software
840.60
10.70 (1.29%)
< Home < Back

Cyient rises on completing acquisition of remaining 26% stake in Cyient DLM

Date: 18-02-2019

Cyient is currently trading at Rs. 615.45, up by 17.75 points or 2.97% from its previous closing of Rs. 597.70 on the BSE.

The scrip opened at Rs. 608.95 and has touched a high and low of Rs. 617.40 and Rs. 601.05 respectively. So far 13372 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 887.00 on 11-May-2018 and a 52 week low of Rs. 571.10 on 29-Jan-2019.

Last one week high and low of the scrip stood at Rs. 617.40 and Rs. 580.60 respectively. The current market cap of the company is Rs. 6887.06 crore.

The promoters holding in the company stood at 22.10%, while Institutions and Non-Institutions held 66.98% and 10.92% respectively.

Cyient has completed acquisition of remaining 26% stake in Cyient DLM. Post to this acquisition, Cyient DLM has now become a wholly owned subsidiary of the company. Earlier, the company had signed definitive agreement for acquisition stake in Cyient DLM.

Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.