Familiarity may breed contempt in ordinary relationships but in investing, familiarity seems to breed comfort. Akash Prakash-founded Amansa Capital recently upped its stake in Cyient Infotech from 3.69% to 6.43%. The Singapore-based Amansa recently bought 3.08 million shares of the IT and engineering-services company for Rs.146 crore in a bulk deal.
It bought in as United Technologies’ subsidiary Carrier International was exiting its strategic investment. Carrier off-loaded 13.6 million shares (12.16% stake