Cyient Limited has informed the Exchange about Buyback
CYIENT · price
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Cyient Limited's Board has approved a buyback of up to 64 lakh equity shares (5.76% of paid-up capital) for INR 720 crores at INR 1,125 per share in cash. The buyback represents 20.31% and 14.09% of standalone and consolidated free reserves respectively as of March 31, 2026. The buyback will be conducted via tender offer route, excluding promoter and promoter group who have indicated they will not participate. The proposal requires shareholder approval via special resolution through postal ballot and regulatory approvals from SEBI and the US SEC due to the company's US registrations.
Shareholders (excluding promoters) can tender shares at a significant premium to the market price, providing an opportunity for immediate liquidity at favorable terms. The buyback reduces outstanding shares and is positive for remaining shareholders' stake percentage.