Cyient’s Rs 720 crore share buyback enters the final stage, with June 16 as the last date to buy shares to qualify. The record date is June 17. The company plans to repurchase shares at Rs 1,125 apiece, offering a premium, while analysts remain cautious on growth outlook.
Cyient’s Rs 720 crore share buyback enters the final stage, with June 16 as the last date to buy shares to qualify. The record date is June 17. The company plans to repurchase shares at Rs 1,125 apiece, offering a premium, while analysts remain cautious on growth outlook.
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Investors looking to participate in engineering and technology services company Cyient’s share buyback worth Rs 720 crore will likely have to purchase the shares of the company by today (Tuesday) before the stock goes ex-record date for the corporate action on Wednesday.Cyient has fixed June 17 (Wednesday) as the record date for its Rs 720 crore share buyback. Only those shareholders who own the company’s shares in their demat accounts as on the record date will be eligible to tender shares.As …
