Cyient Limited Buyback 2019
Cyient Inc. (formerly Infotech Enterprises) is focused on engineering, manufacturing, data analytics, and networks & operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad, India.
Infotech Enterprises rebranded as Cyient in 2014. It had 15,000+ employees across 21 global locations as of March 2018. The company featured among the top 30 outsourcing companies in the world as of 2018.
They have delivered a wide range of services and solutions to a diversified client base of 300 clients, including 29 Fortune 500 companies, across 11 industries that include:
1. Aerospace and Defense
2. Communications
3. Heavy Equipment and Industrial
4. Infrastructure.
5. Medical tech and Healthcare
6. Oil & Gas
7. Semiconductors etc.
Buy Back Offer Deal:
| Buyback Type: | Open Market |
| Buyback Opening Date: | Feb 12 2019 |
| Buyback Closing Date: | Apr 11 2019 |
| Buyback Offer Amount: | ₹ 200 Cr |
| Date of Board Meeting approving the proposal: | Jan 17 2019 |
| Date of Public Announcement: | Jan 17 2019 |
| Buyback Offer Size: | 2.54% |
| Buyback Number of Shares: | 28,57,142 |
| FV: | 5 |
| Buyback Price: | ₹ 700 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars(in Crs) | FY 17-18 | FY 16-17 | FY 15-16 |
| Gross Revenue | 1,632.00 | 1,373.60 | 1,359.06 |
| Expenses | 1,116.00 | 1,066.00 | 1,064.00 |
| PAT | 401.00 | 236.00 | 233.00 |
| EPS | 35.00 | 21.00 | 20.00 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Recommendation:
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https://www.bseindia.com/xml-data/corpfiling/AttachHis/afb3e9d9-0283-4f34-ad40-678c9793fc6c.pdf
Buyback is over.
Byeback of client is on Rs 700. For equity share worth rs 200 CR.best offer it will go up to rs 660 within 3 days
Cyient board to consider buyback on 1 feb
Rs 700 per share fixed for bye back
Persistent Systems To Consider Proposal For Buyback Of Co’s Shares On Jan 27-28
Selling in Cyient tech. People bought because of Buyback but as the company didn’t announce yesterday most are selling.
Even if the company comes up with a Buyback , they have Reserve and Surplus of only 2005 Cr and Cash in hand of 700 Cr. So Do not expect it to be a very big buyback.
Cyient board meeting concluded without taking any decision on buyback
May consider another meeting for consideration
How badly do you think it will affect the stock in short term? Your advice on what to do tomorrow.. hold or sell? I bought some 60 shares at Rs. 600.
Kudos for your continuous support! Great work.
Wow..This is new people just considering buyback and deferring it. Even Monte Carlo and Responsive did something similar.
Quick question on Linde India. Delister offer is going on. What price is best for submitting the form?
Good company.
hows the company? what is their history?
Market Wizard, please suggest.
Cyient Limited Buyback RS 700 price Rs 200 cr buy back initial information