Stay updated with the latest news and articles about Cyient.
According to a report by CNBC-TV18, the offer price for the Cyient DLM block deal is set at Rs 748.65 per share, a 5% discount to the closing price of shares on NSE today.
The Board of Directors of Cyient Limited has approved the sale of up to 1,14,99,390 equity shares, representing approximately 14.5% of the total outstanding equity of its subsidiary, Cyient DLM Limited.
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The board of the company has also announced final dividend of Rs 16 for FY23.
Top stocks to watch today are HDFC Bank, M&M Finance, Marico, Cyient, IndusInd Bank, Bandhan Bank, besides others.
Grit Consulting has expertise in the metal mining & energy sector & with this acquisition, Cyient plans to expand its footprint in the mining industry.
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