Key facts
- Cyient is undertaking a Rs 720 crore share buyback.
- June 16 is the last day to buy Cyient shares for the buyback.
- June 17 is the record date for Cyient's share buyback.
- Cyient will repurchase shares at Rs 1,125 apiece.
- Brigade Enterprises is issuing a 1:3 bonus share issue.
- June 17 is the record date for Brigade Enterprises' bonus issue.
- Investors must buy Brigade Enterprises shares by June 16 to be eligible for the bonus.
- SEBI's T+1 settlement rule affects eligibility for bonus shares.
Cyient is moving forward with its Rs 720 crore share buyback program, designating June 16 as the final day for shareholders to acquire shares and be eligible for the repurchase. The company has set June 17 as the record date for this buyback. Cyient plans to repurchase its shares at a price of Rs 1,125 per share.
In parallel, Brigade Enterprises has announced a 1:3 bonus share issue. The company has established June 17 as the record date for this bonus issue. To be eligible for the bonus shares, investors must purchase their shares by June 16. This deadline is necessitated by India's Securities and Exchange Board of India (SEBI) T+1 settlement rule, which mandates that shares must be credited to investors' demat accounts by the record date for them to be considered.