Morgan Stanley acquired a stake in Cigniti Technologies through a block deal worth Rs 26 crore, purchasing shares at a 9.5% discount. Cigniti’s shares subsequently fell 10% to Rs 1,573.80. The company reported a significant year-over-year increase in net profit for Q1FY26, but a sequential decline in PAT, with revenue remaining relatively flat.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets