Cyient Ltd Completes Buyback of 64 Lakh Equity Shares
Cyient Limited has successfully completed the extinguishment of 64,00,000 equity shares through a tender offer route. The company acquired these shares at a price of INR 1,125 per equity share, amounting to an aggregate consideration of INR 720,00,00,000 (Indian Rupees Seven Hundred Crores).The buyback process involved the cancellation and destruction of the acquired shares in dematerialized form. According to company records, the total number of equity shares outstanding has decreased following this transaction.
Share Capital Impact
The reduction in the company's equity share capital is detailed in the table below:| Equity share capital before the extinguishment (Number of equity shares) | Number of equity shares extinguished | Equity share capital after the said extinguishment (Number of equity shares) |
|---|---|---|
| 11,11,41,804 | 64,00,000 | 10,47,41,804 |
Altered Shareholding Pattern
The buyback has resulted in a significant shift in the company's shareholding structure. The Promoter and Promoter Group's holding has increased from 23.28% to 24.70%, while institutional and foreign investor holdings have seen a substantial rise to 75.30%.| Particulars | Pre-Buyback No. of Shares | Pre-Buyback % | Post-Buyback No. of Shares | Post-Buyback % |
|---|---|---|---|---|
| Promoter and Promoter Group | 2,58,70,288 | 23.28 | 2,58,70,288 | 24.70 |
| Indian Financial Institutions/ Banks/ Mutual Funds | 4,31,93,136 | 38.86 | 7,88,71,516 | 75.30 |
| FII/ FPI/ NRIs/ ADRs/ Foreign Nationals and OCB | 2,11,87,922 | 19.06 | 7,88,71,516 | 75.30 |
| Indian Public, Corporates and others | 2,08,90,458 | 18.80 | 7,88,71,516 | 75.30 |
| Total | 11,11,41,804 | 100.00 | 10,47,41,804 | 100.00 |
Transaction Timeline and Execution
The tendering period for the buyback offer was active between June 23, 2026, and June 30, 2026. During this window, the company received all shares in dematerialized form, with no physical shares tendered.National Securities Depository Limited confirmed the extinguishment of the 64,00,000 shares on July 15, 2026. The formal certificate of extinguishment was issued on July 16, 2026.
CYIENT Stock Price Movement
Cyient Limited shares rallied on Thursday to close at ₹857.25, climbing 2.12% from the previous session. The stock saw active participation with a turnover of 327,223 shares as it finished the day's trading.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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