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May 27, 2022 - Jun 29, 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 - Jun 29, 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 494.85 427.85 455.00
Mar-2022 547.00 405.00 459.11
Feb-2022 558.00 482.00 520.90

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.80 428.80 460.49
Mar-2022 527.50 410.00 455.96
Feb-2022 547.80 490.00 517.57

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

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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

Find Cigniti Technologies Buyback Latest Update

Cigniti Technologies Buyback FAQs

The Cigniti Technologies Buyback opens on May 27, 2022, and closes on Jun 29, 2022.

The Cigniti Technologies Buyback is a Open Market Through Stock Exchange.

Cigniti Technologies Buyback Schedule

Buyback Opening DateMay 27, 2022
Buyback Closing DateJun 29, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Cigniti Technologies Buyback is being offered at Rs ₹500 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Cigniti Technologies Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹38.00 Crores with pricing of Rs.₹500 per share.

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.

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.

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.