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The latest announcement is out from CyanConnode Holdings ( (GB:CYAN) ).
CyanConnode Holdings PLC has secured a £5 million unsecured loan from its substantial shareholder, Axia Investments Limited, to support its growth in the Indian smart metering market. This funding will enable the company’s subsidiary, DigiSmart, to bid for large-scale smart metering tenders, ensuring they have the necessary capital to secure high-value contracts. The loan is part of CyanConnode’s strategy to maintain financial flexibility and drive expansion, with the company also exploring long-term financing options to support its accelerating growth.
More about CyanConnode Holdings
CyanConnode Holdings PLC is a global leader in narrowband Radio Frequency smart mesh networks, primarily focusing on smart metering solutions. The company is positioned to capitalize on the growing demand for advanced metering infrastructure, particularly in the Indian market through its subsidiary, DigiSmart Networks Private Limited.
YTD Price Performance: 36.87%
Average Trading Volume: 748,949
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.8M
For detailed information about CYAN stock, go to TipRanks’ Stock Analysis page.
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