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Cyient Semiconductors on Monday said it has secured financing of USD 30 million (about Rs 286 crore) from funds managed by Edelweiss and affiliated co-investors to scale up its global semiconductor business. The transaction includes an equity investment of about USD 10 million (Rs 100 crore) at a post-money equity valuation of USD 500 million (Rs 4,600 crore), alongside USD 20 million in structured debt designed to support long-duration growth, the company said in a regulatory filing. "This investment is focused on scaling proprietary capabilities in power semiconductors and custom silicon, areas where sustained R&D and IP translate into long-term competitive advantage across multiple product cycles. It positions the company to accelerate execution, expand its product platform, and capture a larger share of the global opportunity while retaining the flexibility to pursue future strategic growth," it said. The funds managed by EAAA India Alternatives Ltd (Edelweiss) and ...
Domestic technology company Cyient has earmarked a USD 100 million investment for its newly carved out semiconductor business, a top official said on Tuesday. The Hyderabad-headquartered company is also looking at raising capital from an external investor by September and is in the process of appointing merchant bankers for the same, officials said. Without quantifying the amount that it is targeting to raise, its Executive Vice Chairman and Managing Director Krishna Bodanapu said the money will be deployed for the talent-intensive research and development efforts. Bodanapu said that the board has already committed USD 100 million for the new venture and it will also be looking to raise more resources from external investors. He said the company is targeting to offer customised silicon chip solutions to a variety of industries, both globally and domestically, including electric vehicles and discoms, which need smart meters. The demand is also very high for such solutions, and apar