Cyient has signed definitive agreement to acquire the remaining stake, in its subsidiary company.

The company will be acquiring remaining 49% stake in its subsidiary Cyient Insights, to take the overall stake to 100%. The consideration is paid in cash and the acquisition is likely to close in seven days and is subject to customary closing conditions.

Further the company stated, Cyient Insights has already gained significant traction with global clients in the industrial and aerospace industry and will continue to expand into other industries, such as medical and automotive, to enable actionable business insights, predictive action planning and digital transformations.

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