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Cyient to sell its entire 49% stake in Infotech Aerospace Services

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Capital Market
Last Updated : Sep 14 2017 | 9:47 AM IST

To United Technologies Corporation

Cyient has signed definitive agreement on 14 September 2017 to sell its entire stake of 49% in Infotech Aerospace Services Inc., a Puerto Rico based company to United Technologies Corporation. The Company will receive USD 1.8 million (post additional dividend disbursement of USD 9.1 million from the cash reserves) from the transaction.

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First Published: Sep 14 2017 | 9:32 AM IST

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