Please find attached the update in connection with Cyient Semiconductors Private Limited, Wholly owned subsidiary of the Company

Marquee Jv AnnouncedStrategic Transactions View source PDF

CYIENT · price

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Price reaction · full curve 14 horizons · vs prior close

+2.7%1-day move

₹901.05

prior close

₹910.00

base price

After-mkt

timing

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AI summary

Cyient Ltd's Board has approved a binding term sheet for its wholly owned subsidiary, Cyient Semiconductors Private Limited, to raise INR 300 crore from EAAA India Alternatives Limited. The subsidiary will issue Non-Convertible Debentures (NCDs) worth INR 200 crore and Compulsorily Convertible Debentures/Preference Shares (CCD/CCPS) worth INR 100 crore. As security for the NCDs, Cyient Ltd will provide a corporate guarantee and pledge its 100% shareholding in the subsidiary to the investor. The transaction is on a private placement basis and follows SEBI LODR regulations.

Likely market impact

The investment brings external capital into the semiconductor subsidiary, with convertible instruments potentially leading to future equity dilution. The corporate guarantee and pledge increase parent company exposure to subsidiary liabilities.