Buyback12 Jun 2026, 05:51 pm
Cyient Announces ₹720 Cr Share Buyback
AI Summary
Cyient Limited has announced a share buyback program of up to 64,00,000 equity shares, representing approximately 5.76% of its total paid-up equity share capital. The buyback will be conducted through the tender offer route at a price of ₹1,125 per share, for an aggregate amount not exceeding ₹720 crores. This move, approved by the Board of Directors and shareholders, aims to return value to shareholders. The company has published a public announcement in compliance with SEBI regulations, with the record date set for June 17, 2026. The buyback is expected to be completed in accordance with the Companies Act, 2013 and SEBI (Buy-Back of Securities) Regulations, 2018.
Key Highlights
- Cyient to buy back 64 lakh shares at ₹1,125 each.
- Total buyback value capped at ₹720 crores.
- Buyback to be executed via tender offer route.
- Represents 5.76% of the company's equity share capital.
- Record date for buyback eligibility is June 17, 2026.
Price Impact
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