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
3. Heavy Equipment and Industrial
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|
|Buyback Price:||₹ 700 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars(in Crs)||FY 17-18||FY 16-17||FY 15-16|