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Cigniti Technologies Buyback FAQ's

Cigniti Technologies Buyback Detail
Buyback Record Date
Buyback Open Date May 27, 2022
Buyback Closing Date Nov 26, 2022
Issue Size (Amount) ₹38.00 Crores
Buyback Price ₹500 per Share

Cigniti Technologies Buyback Date & Price FAQs

The Cigniti Technologies Buyback price is set at Rs 500 Per Share. The Cigniti Technologies Buyback opens on May 27, 2022 and closes on Nov 26, 2022.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Cigniti Technologies Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Cigniti Technologies Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The buyback is being undertaken for the following reason:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

The Cigniti Technologies Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


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