Cyient gains 6% on 14.5% stake sale plan in subsidiary; Cyient DLM slips 3%

Cyient, Cyient DLM divestment news: Cyient share price today rallied 6 per cent to Rs 2,049.95 on the BSE in Wednesday’s intraday trade. The surge came after the company informed the stock exchanges that it has approved the sale of up to around 11.5 million equity shares, or approximately 14.5 per cent of its stake in subsidiary Cyient DLM, through the block deal window mechanism. The sale is expected to be completed by August 21, 2024, the company said.