Buyback20 Jun 2026, 10:30 pm
Cyient Ltd Issues Addendum to Buyback Letter of Offer
AI Summary
Cyient Ltd has issued an addendum to its Letter of Offer concerning its buyback program. This addendum, dated June 20, 2026, clarifies and corrects certain details from the original offer letter dated June 19, 2026. The buyback involves up to 64,00,000 equity shares at ₹1,125 per share, for a total value of up to ₹720 crore. The addendum addresses clerical errors in various sections, including definitions, paragraph text, dates, and shareholder classifications. The buyback is being conducted through the tender offer route under SEBI regulations.
Key Highlights
- Addendum issued for Cyient Ltd's equity share buyback program.
- Buyback offers up to 64 lakh shares at ₹1,125 each.
- Total buyback value capped at ₹720 crore.
- Addendum corrects clerical errors in the original offer letter.
- Buyback is via tender offer under SEBI regulations.
Price Impact
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