Acquisition / mergerNotableFiled on BSE ·

Cyient Ltd's subsidiary acquires 74% stake in Kinetic Technologies for $85Mn

Cyient · IT - Services

Arthneeti Research DeskPublished 1 min read
74%Acquisition / merger

Key highlights

  • Acquisition completed by Cyient Semiconductors Singapore Pte. Ltd., a subsidiary.
  • Stake acquired is 74% on a fully diluted basis.
  • Consideration paid amounts to USD 85 million.

Why it's rated notable: amount is ₹500 crore or more

Original filing

Acquisition Update

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.