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Indian engineering firm Cyient plans to sell stake in underperforming units

'We are aggressively considering what makes sense in our portfolio,' Cyient Managing Director Krishna Bodanapu said

Cyient
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Ganesh Nagarajan | Bloomberg
Cyient Limited, an Indian engineering and technology solution provider for more than two dozen Fortune 500-companies, plans to sell stakes in units that are underperforming.

“We are aggressively considering what makes sense in our portfolio,” Cyient Managing Director Krishna Bodanapu said in an interview to Bloomberg TV on Monday. “We are a bit complex and one of the objectives for this calendar year is to simplify things and divest out of businesses that do not make sense for us.” 

Bodanapu did not name the divisions that are on the chopping block. The company has signed a definitive agreement with Innovation

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First Published: Jan 24 2022 | 12:55 PM IST

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