The Competition Commission of India (CCI) has granted approval for the acquisition of 100% share capital of Tao Digital Solutions Inc. by Cyient Limited. This proposed combination involves Cyient Limited acquiring all shares from the existing shareholders of Tao Digital Solutions Inc.
Cyient Limited is a public limited company incorporated in India that provides engineering and technology services specializing in multiple sectors including aerospace and defense, automotive, rail transportation, healthcare and life sciences, semiconductors, energy, industrial manufacturing, utilities, communications, and spatial intelligence.
Tao Digital Solutions Inc. is engaged in providing digital transformation and technology services globally across seven service lines: product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services. The company operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.