Cyient Limited (CYIENT) — Buyback / Redemption

📢 Key Event
Cyient Limited proposes a buyback of up to 6.4 million shares at INR 1,125 per share, targeting 5.76% of paid-up capital and 20.31% of free reserves, with a total consideration of up to INR 720 crore.

🔄 What Changed
The company has finalized a buyback offer of 6.4 million shares at INR 1,125 per share (total up to INR 720 crore), with a defined offer period (23–30 June 2026), record date (17 June 2026), and allocation of 15% of shares to small shareholders. This represents a material change from prior periods with no previous buyback announced in the filing.

🔮 What's Next
The buyback will be executed via a tender offer through BSE, with settlement through the Indian Clearing Corporation. Funds will be sourced from internal cash reserves, and shares will be extinguished post-buyback. The Board has approved the mechanism, and shareholder approval via special resolution is confirmed.

💡 Investor Takeaway
This buyback allows shareholders to sell shares at a premium (up to 34.91% above recent prices) and benefits from increased promoter ownership, while returning surplus cash without new debt or capital issuance.

Cyient Limited announced a buyback of up to 6.4 million shares at INR 1,125 per share (total up to INR 720 crore), representing 5.76% of paid-up capital and 20.31% of free reserves. The offer runs from 23 to 30 June 2026, with a record date of 17 June 2026. Eligible shareholders, including a reserved category for small investors (15% of shares), can tender shares via electronic or physical submission. Funds will be drawn from internal cash reserves, not borrowings. The buyback aims to return surplus cash, improve ROE, and increase promoter stake from 23.28% to 24.70%. Compliance with SEBI, RBI, and regulatory requirements is confirmed, with no participation from promoters or directors.

📄 View Original Announcement (PDF)

📊 Stock Analysis — CYIENT ✨ Ask AI About This