In an all cash transaction
Cyient announced that the Company has signed definitive agreement to acquire 74% equity stake in Rangsons Electronics, an electronics system design and manufacturing (ESDM) services company, headquartered in Mysore, India, in an all cash transaction.The proposed acquisition is Cyient's third in less than a year. Its acquisitions earlier in 2014 included Softential and Invati Insights.
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