Cyient Ltd Issues Addendum to Tender Offer for Share Buyback
Cyient Limited has released an addendum concerning its ongoing tender offer to buy back equity shares. The update pertains to the initial Letter of Offer issued on June 19, 2026, and details the parameters of the share repurchase program.The Company is offering to buy up to 64,00,000 fully paid-up equity shares, with a face value of INR 5 each. This tender offer represents up to 5.76% of the existing fully paid-up equity share capital of Cyient Limited, calculated on a standalone basis.
The buyback is open to all eligible shareholders and excludes promoters, members of the promoter group, and any person in control of the company's equity shares as of the record date. The designated record date for this tender offer is Wednesday, June 17, 2026.
Eligible shareholders can participate in the buyback at a fixed price of INR 1,125 per equity share. The total aggregate amount allocated for this buyback stands up to INR 720,00,00,000.
The Addendum clarifies and modifies certain figures and text within the original Letter of Offer due to clerical errors. While the overall terms remain consistent with the initial offer, the addendum provides updated details regarding various aspects of the company's operations and definitions.
Stock Price Movement
The share prices concluded the day having slipped by 1.72%, settling at ₹858.05. The stock experienced intraday volatility, trading between a high of ₹869.70 and a low of ₹854.00.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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