Cyient shares fell sharply on Wednesday after the stock turned ex-record date for its Rs 720 crore share buyback at Rs 1,125 per share. Investors purchasing shares after the record date will not be eligible to participate. The company’s first buyback since 2019 comes amid mixed operational performance and cautious analyst outlook.
Cyient shares dropped 6% as the stock went ex-record date for its Rs 720 crore share buyback, priced at Rs 1,125 per share. This means investors buying shares today are ineligible for the buyback. This marks Cyient's first buyback since 2019, amidst a mixed operational…
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