Cyient to sell its entire 49% stake in Infotech Aerospace Services
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.Powered by Capital Market - Live News
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