Buyback11 Jun 2026, 05:51 pm
Cyient Ltd Sets June 17, 2026 as Record Date for ₹720 Cr Buyback
AI Summary
Cyient Ltd has announced June 17, 2026, as the record date for its proposed buyback of up to 64,00,000 equity shares. The buyback, valued at approximately ₹720 crore, will be conducted at a price of ₹1,125 per share. This initiative, previously approved by the Board of Directors and shareholders, aims to return capital to shareholders through a tender offer route, adhering to SEBI regulations and the Companies Act. Shareholders as of the record date will be eligible to participate.
Key Highlights
- Record date for buyback set as June 17, 2026.
- Buyback size: Up to 64 lakh shares at ₹1,125 each.
- Total buyback value not exceeding ₹720 crore.
- Tender offer route to be used for buyback.
- Shareholders as of record date are eligible.
Price Impact
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