ICICI Prudential Mutual Fund decreased its stake in Cyient Limited from 3.64% to 2.47%, reducing its holding by 14,51,311 shares. The transaction occurred in the context of a rights issue.
A technology services company that provides engineering, manufacturing, data analytics, and networks and operations solutions to clients across multiple industries. Cyient specializes in digital transformation and technology-enabled services, leveraging its expertise to deliver integrated solutions for enterprise clients. The company operates as a multinational organization with headquarters in India, serving global markets through its specialized technology platform and engineering capabilities.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.
