Acquisition / mergerNotableFiled on BSE ·

Cyient Limited announces acquisition of TAO Digital for $218 million

Cyient · IT - Services

Arthneeti Research DeskPublished 1 min read

Key highlights

  • Acquisition price set at $218 million with upfront payment of approximately $130 million
  • Deal structure includes 2-year earnout based on EBITDA growth, making TAO a wholly-owned subsidiary
  • Acquisition funded primarily through debt, expected to be EPS accretive after 1.5 years including all costs

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

Original filing

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

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.