Thursday, January 24, 2019

Cyient Buyback 2019 Record Date, Buyback Price & Details

Cyient Inc. rebranded in 2014 from formerly known Infotech Enterprises. The company is focused on engineering, manufacturing, data analytics, and networks & operations. The company based in Hyderabad and the Infotech Enterprises actually started in 1991. Cyient has over 15000 employees worldwide. They are providing wide range of services to their more than 300 clients. They featured in top 30 among top 30 outsourcing companies in the world as of 2018. They provide services to industries like Aerospace and Defense, Communications, Heavy Equipment and Industrial, Infrastructure, Medical tech and Healthcare, Oil & Gas, Semiconductors etc.


Cyient Buy Back 2019 Offer Details:

 Buyback Record Date:
  Adding Soon
 Board Meeting Approval:   17-Jan-2019
 Public Announcement:   17-Jan-2019
 Buyback Offer:   Rs.200 Crore
 Buyback Offer Size:   2.54%
 Number of Shares:
  28,57,142
 Share Face Value:
  Rs.5
 Buyback Price:   Rs.700
 Buyback Type:   Open Offer

Cyient buyback of 28,57,142 equity shares which is around 2.54% of all the existing number of equity shares at a price of Rs.700 per equity share. The buyback offer not exceeding of Rs.200 crore of total buyback offer size.

Cyient Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Cyient shares in their Demat account as record date -. Investors can participate in the Cyient Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Cyient buyback scheme.

Checkout Current Cyient Shares market price on NSE and BSE: Cyient Live Quote

Note: If anything you want to know about the buyback offer you can refer the Cyient buyback offer documents.