Cyient Limited Announces ₹720 Crore Equity Share Buyback at ₹1,125/Share

Cyient Limited has announced a share buyback of up to 64 lakh equity shares, representing 5.76% of its total paid-up equity share capital. The buyback will be executed via the Tender Offer route at a price of ₹1,125 per share, with a maximum aggregate outlay capped at ₹720 crore. Key Transaction Details: Offer Size: Up to 6,400,000 fully paid-up equity shares (Face value: ₹5 each). Buyback Price: ₹1,125 per share. Maximum Outlay: ₹720 Crore. Record Date: June 17, 2026 (for determining shareholder eligibility). Execution: Proportionate basis, with a specific reservation for small shareholders. Strategic Rationale: Capital Return: The initiative is designed to return surplus cash to shareholders, optimizing the company's capital structure. Value Enhancement: By reducing the total outstanding equity base, the buyback is expected to be accretive to key financial metrics, including Earnings Per Share (EPS) and Return on Equity (ROE). Regulatory Milestones: The program follows Board approval on April 23, 2026, and subsequent shareholder approval via a special postal ballot resolution on June 10, 2026. Outlook & Next Steps: A public announcement was disseminated on June 12, 2026. The formal Letter of Offer will be dispatched to eligible shareholders shortly, opening the bidding window.