CyanConnode Secures $7.5 Million Loan to Accelerate Expansion in India

PUBLISHED: 20 May 2025 @ 08:54 | Comments (0) | More info about Fiona Craig

CyanConnode Holdings (LSE:CYAN) has obtained an unsecured convertible loan note worth US$7.5 million from Smart Sustainability Solutions Limited, a subsidiary of an Abu Dhabi-based investment firm. The new capital will be used to bolster working capital, support capital expenditures, and repay an existing short-term loan. This financing is expected to strengthen CyanConnode’s capacity to pursue growth opportunities in the expanding Indian smart metering sector and other promising markets.

Through its Indian arm, DigiSmart, CyanConnode is strategically positioned to benefit from India’s Revamped Distribution Sector Scheme, which targets the deployment of a significant share of the 110.4 million smart meters yet to be contracted.

Company Outlook

CyanConnode’s strong revenue growth and strategic contracts in India underline its growth potential. Nevertheless, ongoing challenges, including persistent losses and negative cash flow, present risks to overall financial health. Technical analysis hints at a potential market rebound, but valuation concerns remain due to the company’s continued operating deficits.

About CyanConnode Holdings

CyanConnode Holdings plc is a global leader in IoT communication and smart metering solutions. Its portfolio includes advanced metering infrastructure and communication systems, with a strong foothold in India via DigiSmart Networks Private Limited.

Average Daily Trading Volume: 696,936 shares
Technical Sentiment: Strong Sell
Market Capitalization: £29.18 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.