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May 27, 2022 - Nov 26, 2022

Cigniti Technologies Limited Buyback (Cigniti Technologies Buyback) Detail

Cigniti Technologies Limited is a leading Digital Assurance, Software Testing and Quality Engineering company. The company offers services such as Artificial Intelligence testing, Robotic process automation, security testing, DevOps transformation, Test management services, etc. Cigniti Technologies serves several Fortune 500 and Global 2000 companies across 13 countries. Southwest, Snapdeal, AirAsia, and Cipla among others are the customers of Cigniti.

Cigniti Technologies Buyback Detail

Issue PeriodMay 27, 2022 - Nov 26, 2022
Security NameCigniti Technologies Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹38.00 Crores
Buyback Price₹500 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 125,524.01 90,997.96 89,360.16
Profit After Tax 9,174.41 10,534.50 12,159.99
Net Worth 45,872.84 38,310.93 26,197.79
Reserves and Surplus 43,067.59 35,508.93 23,413.16

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.85 427.85 455
Mar-2022 547 405 459.11
Feb-2022 558 482 520.9

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.8 428.8 460.49
Mar-2022 527.5 410 455.96
Feb-2022 547.8 490 517.57

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.

Cigniti Technologies Buyback Documents

Cigniti Technologies Buyback Rating

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Company Contact Information

Cigniti Technologies Limited
Suite No. 106 & 107, 6-3-456/C
MGR Estates, Dwarakapuri Colony,
Punjagutta, Hyderabad, 500082

Phone: +91-40-40382255
Email: info@cigniti.com
Website: https://www.cigniti.com/

Cigniti Technologies Buyback Registrar

  1. Aarthi Consultants Pvt Ltd.
       Aarthi Consultants Private Limited,
       1-2-285, Domalguda,
       Hyderabad - 500029

    Phone: +91-40-27638111
    Email: info@aarthiconsultants.com
    Website: http://www.aarthiconsultants.in/

Cigniti Technologies Buyback Manager

Lead Manager(s)

  1. Bajaj Capital Limited

Registered Broker

  1. RLP Securities Private Limited
    Email: rlpsecurities@yahoo.com

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