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Amansa Capital increases its stake in Cyient from 3.69% to 6.43%

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

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