Cyient buyback of Rs 720 crore approved at Rs 1,125 per share
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Smallcap 250 and 1.0 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shareholders approved two resolutions via postal ballot. Buyback of up to 64 lakh equity shares at Rs 1,125 each (total Rs 720 crore), excluding promoters, representing 5.76 percent of share capital, passed with 99.99 percent votes in favor. Also re-appointed Krishna Bodanapu as Executive Vice-Chairman and Managing Director for 3 years till April 2029, passed with 98.17 percent votes in favor.
Buyback at Rs 1,125 per share rewards shareholders; MD re-appointment ensures leadership continuity for 3 years.