Buyback alert! Last date to buy Cyient shares to participate in Rs 720 crore share buyback. Do you own?

Published 16 June 2026 · finance

Investors looking to participate in engineering and technology services company Cyient’s share buyback worth Rs 720 crore will likely have to purchase the shares of

Investors looking to participate in engineering and technology services company Cyient’s share buyback worth Rs 720 crore will likely have to purchase the shares of the company by today (Tuesday) before the stock goes e record date for the corporate action on Wednesday.Cyient has fixed June 17 (Wednesday) as the record date for its Rs 720 crore share buyback. Only those shareholders who own the company’s shares in their demat accounts as on the record date will be eligible to tender shares.As per SEBI’s T+1 settlement norm, investors must buy the company’s shares at least one trading day before the record date so that they are credited to their demat accounts by that date, making them eligible for the buyback. This makes June 16 (Tuesday) the last date to buy the shares so that they are credited to shareholders’ accounts by the record date (Wednesday).All about Cyient’s share buybackCyient in April said it will buy back up to 64 lakh shares at a price of Rs 1,125 per share, implying a premium of more than 25% over the stock’s previous closing price.

This marks Cyient’s first buyback since 2019.Buyback of shares refers to a corporate action where a company repurchases its own shares from existing shareholders. Usually, the company purchases the shares at a higher price than current levels, encouraging investors to participate. Typically, a company decides to buy back its shares to increase share value, utilise surplus cash, prevent hostile takeovers or increase promoter holdings.In an exchange filing released on Monday, Cyient announced that its shareholders have now approved the share buyback. The entitlement ratio and other details will be announced later.Also read: Bonus bonanza! Last date to buy Brigade Enterprises shares for 1:3 bonus issue rewardCyient share priceCyient shares dropped over 1% to trade at Rs 886 apiece on Tuesday morning. The stock has gained over 2% in one week but is down more than 20% in 2026 so far.

In the longer term, the shares of the company have fallen 33% in one year and 41% in three years, but gained 5% in five years.The company currently has a market capitalisation of more than Rs 9,853 crore.Why does Emkay maintain a ‘Reduce’ call on Cyient shares?Emkay maintained its ‘Reduce’ call on Cyient shares, while increasing its target price to Rs 900 apiece from Rs 850 apiece. The latest target price implies only marginal upside potential from the stock’s previous closing price of Rs 897 apiece.The brokerage said that the firm’s growth slowed in FY26 owing to macro headwinds, ET Now reported. ER&D spend continued to expand at a healthy mid-to-high single digit, it added.While collections increased modestly, mainly led by an increase in the DET segment, the number of DLM inventory turnover days rose by 63 due to weak revenue, customer-specific programme requirements and global supply chain challenges.