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Cyient Foundation commits INR 2 crore to The Asian Healthcare Foundation toward Social Innovation in Healthcare

Posted On: 2021-10-22 14:15:20 (Time Zone: IST)

In line with its commitment to society, The Cyient Foundation (the CSR wing of Cyient Ltd.) announces a contribution of INR 2 crores to The Asian Healthcare Foundation (AHF). This contribution will be disbursed over four years. AHF will use this grant to develop innovative healthcare solutions through its basic science and research facility associated with The Asian Institute of Gastroenterology (AIG). AHF is recognized as a Scientific and Industrial Research Organization by the Department of Scientific and Industrial Research, Government of India, and is also rated as a leader in Healthcare R&D.

Speaking on the announcement Dr. BVR Mohan Reddy, Founder Chairman, Cyient, said, "As Cyient celebrates 30 years of Excellence, we are strengthening our promise to all stakeholders toward Designing Tomorrow Together. While Cyient is delivering technology innovation to customers, our CSR team is committed to nurturing social innovation. I am pleased that we are able to support AHF to further its innovation programs to create a healthier tomorrow for our communities."

Commenting on the contribution from the Cyient Foundation, Dr. D. Nageshwar Reddy, Chairman, Asian Healthcare Foundation and AIG Hospitals, said, "Support from organizations like Cyient Foundation will go a long way in helping us create cutting-edge healthcare solutions and conduct research in critical areas of medical sciences. The impact of this will be far-reaching and will enable us to reach out to and assist underserved communities."

Shares of Cyient Limited was last trading in BSE at Rs. 1167.65 as compared to the previous close of Rs. 1209.55. The total number of shares traded during the day was 30097 in over 2768 trades.

The stock hit an intraday high of Rs. 1219.85 and intraday low of 1150.15. The net turnover during the day was Rs. 35751294.00.

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