Cyient Buyback: 33% Premium to Current Market Price

Buyback Details • Buyback Price: ₹1,125 per share • Current Market Price: ₹846.65 per share • Premium: ~33% • Buyback Size: ₹720 Cr • Shares to be Bought Back: 64 lakh shares Retail Category • Retail Reservation: 9.6 lakh shares • Record Date: 17 June 2026 What Stands Out • Promoters are not participating in the buyback, which generally improves participation opportunities for public shareholders. • The buyback is being offered at a significant premium to the prevailing market price. Why It Matters • Buybacks can improve earnings per share by reducing the outstanding share count. • Non-participation by promoters often increases the effective acceptance ratio available to non-promoter shareholders. • Investors should focus on the eventual acceptance ratio rather than only the headline premium. Learning Outcome In buyback opportunities, the actual return depends on a combination of the buyback premium, acceptance ratio, tax implications, and the post-buyback stock price.