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Cyient Limited — Capital/Financing Update 2023
Jun 26, 2023
60361_rns_2023-06-26_20c55a01-fef3-47c2-9f2d-f068141fb142.pdf
Capital/Financing Update
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26 June 2023
PJ Towers, 25[th ] Floor, Exchange Plaza, Dalal Street Mumbai 400001. Mumbai-400 051. Scrip Code: 532175 Scrip Code: CYIENT
Dear Sir/Madam,
Sub: Press Release
Please find the enclosed Press Release This is for your information and records.
Thanking you For Cyient Limited
Sudheendhra Putty Digitally signed by Sudheendhra Putty DN: c=IN, st=Andhra Pradesh, 2.5.4.20=a96c5d2bc23a5e6237e3e861ca3ddb36fb5ddd47d98ff9d0bbcd9ea2e0bee393, postalCode=500003, street=Secunderabad , Hyderabad, pseudonym=d41d8cd98f00b204e9800998ecf8427e, serialNumber=93542dc3588217a0f097aa692e7de2a571e0ca93ca9db7b9b20984f17dff0f46, o=Personal, cn=Sudheendhra Putty Date: 2023.06.26 15:19:33 +05'30'
Sudheendhra Putty Company Secretary
Cyient Ltd. 4[th ] Floor, A Wing, 11 Software CIN: L72200TG1991PLC013134 Units Layout, Madhapur www.cyient.com Hyderabad -500 081 [email protected] India T +91 40 6764 1000 F +91 40 2311 0352
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PRESS RELEASE
Cyient Committed to Investing in Technology, Innovation, and Sustainability in Finland
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Cyient completes brand integration of Citec, an acquired entity, on June 16
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• Cyient signs MoU with Novia University on research, education and skills development demonstrating it’s brand promise
Hyderabad, June 26, 2023 : Cyient, an engineering and technology solutions company, announced that it has fully integrated the Finland based acquired entity, Citec, into Cyient. As one of the final steps of the integration process, the Founder Chairman of Cyient, Dr. B.V.R Mohan Reddy visited the offices in Vaasa and Helsinki to commemorate this integration into Cyient.
While Cyient has completed 20 acquisitions over its 32-year history, Citec was the largest; in terms of revenue, valuation, number of people, and geographic locations. It was also it's first in the Nordics region and has provided expanded capabilities in sustainability services and plant engineering.
In every major geography Cyient operates in, it not only focuses on business but also in becoming an integral part of the local ecosystem, focusing on technology, innovation, education, and entrepreneurship (start-ups). The company has committed to do the same in Finland. The event held in Helsinki was attended by the Ambassador of India to Finland and Head of Business Finland for India, the Middle East and Africa. “I am impressed by the available talent, the ease of doing business, and the robust start-up ecosystem,” said Dr. B.V.R. Mohan Reddy, Founder Chairman, Cyien t. Cyient has promised to build relationships with local innovation hubs, educational institutions, and the business community to promote the country. "Both countries (Finland and India), enjoy a warm relationship. Finland can be a launching platform for Cyient to expand their presence in Europe" said Mr. Raveesh Kumar, Ambassador of India to Finland .
As a sign of things to come, Cyient entered into a Memorandum of Understanding (MoU) with Vaasa-based Novia University of Applied Sciences. The two parties have agreed to partner on research and innovation, education, skill development programs, and recruitment.
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About Cyient :
Cyient (Estd: 1991, NSE: CYIENT) is a global Engineering and Technology solutions company. We collaborate with our customers to design digital enterprises, build intelligent products and platforms and solve sustainability challenges. We are committed to designing tomorrow together with our stakeholders and being a culturally inclusive, socially responsible, and environmentally sustainable organization.
For more information, please visit www.cyient.com. Follow news about the company at @Cyient.
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