Buyback15 Jun 2026, 04:02 pm
Cyient Ltd Approves Buyback of 64 Lakh Shares Worth ₹720 Cr
AI Summary
Cyient Ltd has announced the approval of a buyback program for up to 64,00,000 equity shares, representing approximately 20.31% of its paid-up capital and free reserves. The buyback will be conducted at a price of ₹1,125 per share, for a total amount not exceeding ₹720 crore. This decision was approved by the Board of Directors on April 23, 2026, and subsequently by shareholders through a postal ballot on June 10, 2026. The buyback will be executed on a proportionate basis via the tender offer route, with a reservation of 15% for small shareholders.
Key Highlights
- Cyient Ltd to buy back 64 lakh shares at ₹1,125 each.
- Total buyback value capped at ₹720 crore.
- Buyback represents 20.31% of paid-up capital and reserves.
- Tender offer route to be used for proportionate buyback.
- 15% of buyback reserved for small shareholders.
Price Impact
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