Cyient Limited Board Approves Funding Round via NCDs and Convertibles from EAAA India Alternatives
Cyient Limited, through its Board of Directors, has approved plans for a proposed private placement transaction involving its wholly owned subsidiary, Cyient Semiconductors Private Limited. The transaction aims to raise capital through the issuance of debentures and preference shares from EAAA India Alternatives Limited and associated co-investors.The Board meeting, held on May 25, 2026, resolved to execute a binding term sheet between Cyient Limited, EAAA India Alternatives Limited, and Cyient Semiconductors Private Limited. The private placement proposed involves the issuance of two types of instruments by Cyient Semiconductors.
The proposed funding structure details are as follows:
| Instrument | Amount | Purpose |
|---|---|---|
| Non-Convertible Debentures (NCDs) | INR 200,00,00,000 | Issuance to EAAA India Alternatives Limited and co-investors. |
| Compulsorily Convertible Debentures and/or Compulsorily Convertible Preference Shares (CCD/CCPS) | INR 100,00,00,000 | Issuance to EAAA India Alternatives Limited and co-investors. |
The total funding involves securing capital from EAAA India Alternatives Limited, or funds managed/advised by EAAA, and other co-investors.
In connection with the proposed issuance of NCDs, the Board also approved the provision of a corporate guarantee by Cyient Limited and the pledge of Cyient Limited’s entire shareholding in Cyient Semiconductors to EAAA. These security measures are intended to secure all obligations arising under the NCDs and other documents executed for the transaction.
The company confirmed that the promoter or promoter group has no financial interest in this specific transaction. Cyient Semiconductors Private Limited operates as a wholly owned subsidiary of Cyient Limited.
CYIENT Stock Price Movement
Shares of Cyient Limited are edging higher to ₹908.5 as of 10:05 AM today, gaining 0.75% in live trading. Momentum remains strong, with 36,573 shares transacted so far in the morning session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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