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Merger & Restructuring

Cyient Merger & Restructuring

Cyient Ltd issued a clarification regarding its proposed equity share buyback. The company corrected a statement regarding US security registration and confirmed it will seek exemptive relief from the US SEC for tender offer procedures due to conflicting regulatory requirements between Indian and U.S. laws.

Source

BSE filing, NSE: CYIENT. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Cyient Ltd: key numbers

Share price
₹1,156.70
Market cap
₹12,853 Cr
Revenue (annual)
₹7,268 Cr
Net profit (annual)
₹427.9 Cr
P/E (TTM)
34.5×Sector 22.9×
Promoter holding
24.76%+1.48% QoQ
FII holding
14.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals