Cyient rises on incorporating wholly owned subsidiary in UAE
Cyient is currently trading at Rs. 1997.45, up by 7.40 points or 0.37% from its previous closing of Rs. 1990.05 on the BSE.
The scrip opened at Rs. 1987.50 and has touched a high and low of Rs. 2010.00 and Rs. 1985.00 respectively. So far 1039 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2457.00 on 22-Dec-2023 and a 52 week low of Rs. 1542.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 2100.00 and Rs. 1978.15 respectively. The current market cap of the company is Rs. 22233.41 crore.
The promoters holding in the company stood at 23.16%, while Institutions and Non-Institutions held 56.56% and 20.28% respectively.
Cyient has incorporated wholly owned subsidiary namely ‘Cyient Project Management Consultancy - L.L.C - S.P.C’ as a Limited Liability Company under the laws of Abu Dhabi, United Arab Emirates (UAE).
The objective of incorporation is to carry on the business of Procurement Consulting; Engineering Projects Management Consultancy; Information Technology Consultancy; Research and development to in the field of cloud computing; Services, Management and Operation of Computer Networks; and Information Technology Network Services
Earlier, the company had incorporated a wholly owned subsidiary of the Company ‘Cyient Semiconductors’ under the provisions of Companies Act, 2013.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.
