BOM:532175

4 stories mentioning BOM:532175Updated 19d ago

Every FINWIRES story that references BOM:532175, newest first.

Cyient to Acquire US' Tao Digital Solutions for $218 Million

Cyient (NSE:CYIENT, BOM:532175) has agreed to acquire US-based Tao Digital Solutions at an enterprise value of $218 million, according to a Saturday filing to the Indian stock exchanges.The company's shares were up over 1% in Monday's trade.Tao Digital is a digital engineering firm focused on data, product, and artificial intelligence-led services with presence in the US, Canada, India, Taiwan, and Europe.The acquisition will be done as a cash deal, including an upfront payment and performance-linked earnout. Subject to customary regulatory approvals and closing conditions, expected to close by the end of September."The acquisition strengthens our presence in automotive, hitech, healthtech sectors, expands our customer footprint significantly in North America, and our delivery reach across regions," executive director and chief executive officer of Cyient Sukamal Banerjee, said in the statement.

BOM:532175NSE:CYIENT

Asia26d ago

Indian Equities Rally on Monday as Falling Oil Prices Boost Risk Appetite

Indian benchmark indices surged on Monday, gaining more than 1%, as a sharp decline in crude oil prices improved investor sentiment and triggered broad-based buying across sectors.The BSE Sensex climbed 1,073.61 points, or 1.4%, to close at 76,488.96, while the NSE Nifty 50 advanced 312.40 points, or 1.3%, to settle at 24,031.70.Market sentiment strengthened after Brent crude prices dropped more than 5% to trade below $98 per barrel amid growing optimism over a possible agreement between the U.S. and Iran. The decline in oil prices supported risk appetite across segments.Among individual stocks, Blue Jet Healthcare (NSE:BLUEJET, BOM:544009) jumped nearly 10% despite reporting a decline in fiscal fourth-quarter consolidated profit to 643.4 million rupees from 1.10 billion rupees a year earlier. Revenue from operations also fell to 2.35 billion rupees from 3.40 billion rupees.Cyient (NSE:CYIENT, BOM:532175) rose nearly 2% after announcing that its subsidiary Cyient Semiconductors will raise up to $30 million from funds managed by EAAA India Alternatives and affiliated co-investors. The transaction includes equity investment and structured debt funding.

^BSENifty 50BOM:532175BOM:544009NSE:BLUEJETNSE:CYIENT

Asia26d ago

Cyient's Semiconductor Arm to Raise Up To $30 Million in Financing

Cyient Semiconductors, a subsidiary of Cyient (NSE:CYIENT, BOM:532175), is raising up to $30 million from funds managed by EAAA India Alternatives and affiliated co-investors, according to a Monday filing to the Indian stock exchanges.The transaction includes an equity investment of approximately $10 million at a post-money equity valuation of $500 million, along with structured debt capital of $20 million.The funding will help the company to strengthen its capital structure and support the expansion of its semiconductor business.The transaction is subject to definitive agreements and customary closing conditions.Cyient's shares were up over 1% in recent trade.

BOM:532175NSE:CYIENT

Asia58d ago

Cyient's Consolidated Attributable Profit Declines in Fiscal Q4; Shares Down 3% After Market

Cyient (NSE:CYIENT, BOM:532175) witnessed a decline in its consolidated attributable profit to 548 million Indian rupees in the fiscal fourth quarter ended March 31 from 1.70 billion rupees a year ago.Earnings per share contracted to 4.93 rupees compared with the year-ago figure of 15.35 rupees, according to a Thursday filing to the Indian bourses by the technology company.Revenue from contracts with customers inched up to 19.3 billion rupees from 19.1 billion rupees a year earlier.Shares of the company fell nearly 3% in after-market hours.

BOM:532175NSE:CYIENT

Track with the FINWIRES app suite

FolioX

Track BOM:532175 in your portfolio

WheelAI

Analyze BOM:532175 options with the wheel strategy

StockInsider

See market sentiment on BOM:532175