Cyient Limited Receives CCI Approval for Acquisition of Tao Digital Solutions Inc.
Cyient Limited has received approval from the Competition Commission of India (CCI) regarding the proposed combination involving the acquisition of Tao Digital Solutions Inc.The CCI granted the approval after considering the proposed combination, as conveyed in a communication dated August 25, 2026. The approval was given under Section 31(1) of the Competition Act, 2002.
This development follows a previous notification by the company, wherein it informed that it had entered into a definitive agreement to acquire a 100% stake in Tao Digital Solutions Inc., a company incorporated in the USA. The agreement was first detailed on May 30, 2026.
CYIENT Stock Price Movement
Shares of Cyient Limited are edging higher to ₹1045.8 as of 1:34 PM today, surging by 6.82% and adding ₹66.75 per share. The stock sees significant momentum in live trading, with nearly 9.86 million shares traded during the current 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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