Cyient Announces Plan to Buy Back Up To 6.4 Million Equity Shares at INR 1,125 Per Share
East Hartford, CT | Hyderabad - June 12, 2026: Cyient Limited has announced a plan to buy back up to six million and four hundred thousand fully paid-up equity shares of the company. This move follows approval by the Board of Directors on April 23, 2026, and through shareholders via a special resolution conducted by postal ballot on June 10, 2026.The buyback targets up to 5.76% of the existing total paid-up equity share capital. The company intends to purchase these shares for an aggregate amount of up to INR 7,200,000,000.
Details of the transaction specify that the shares, which have a face value of INR 5 each, will be acquired through a Tender Offer route and are subject to small shareholder reservation. The buyback price has been set at INR 1,125 per Equity Share.
Key details of the upcoming transaction are structured around the Record Date of June 17, 2026.
The public announcement regarding the buyback was made on Friday, June 12, 2026. It was published in English and Hindi national daily newspapers, a regional Telugu daily newspaper, and in The Washington Post.
Further comprehensive details regarding the Buyback will be provided in the letter of offer. This document will be dispatched to all shareholders as of the Record Date and will also be available on relevant websites.
CYIENT Stock Price Movement
Cyient Limited's shares edged higher on Friday, closing at ₹877.95 after gaining 3.94% over the session. The stock recorded significant trading activity as nearly 1.69 million shares changed hands during the market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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