Cyient gets CCI approval for Tao Digital Solutions acquisition

Cyient Ltd has received approval from the Competition Commission of India (CCI) for its proposed acquisition of 100% stake in Tao Digital Solutions Inc., a US-based company. This approval, conveyed via a letter dated August 25, 2026, is a key regulatory clearance required to complete the transaction. The company had previously announced the definitive agreement for this acquisition on May 30, 2026, subject to customary closing conditions and regulatory approvals. The CCI's approval under Section 31(1) of the Competition Act, 2002, signifies a significant step towards finalizing the deal.