Announced Thu, 16 Jul · 21:28 IST
Cyient extinguishes 64 lakh shares bought back at Rs 1,125 each
Corporate Actions View source PDF
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹857.25
prior close
₹863.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.1-1.2-1.3-1.1-1.3-1.9-2.9-2.5—————
Up moveDown movePending
AI summary
Cyient has completed extinguishment of 64,00,000 equity shares bought back at Rs 1,125 per share for Rs 720 Cr total via tender offer. Total shares reduced from 11.11 Cr to 10.47 Cr. Promoter holding rose from 23.28% to 24.70%. Indian FIs and mutual funds now hold 75.30% of the company up from 38.86% earlier.
Likely market impact
Share count drops about 5.8%, usually positive for EPS. Rs 720 Cr returned to shareholders via buyback.