Cigniti Technologies Buyback Details: On May 27, 2022, Cigniti Technologies buyback 2022 will begin. Because this is an Open Market Offer, the Cigniti Technologies buyback record date is not determined. To be eligible for the buyback, the investor must purchase Cigniti Technologies shares on or before the record date.
Cigniti Technologies’ Board of Directors authorised a proposal for the buyback of equity shares in the firm for an aggregate sum of Rs 38 crore on May 18, 2022, at a price not exceeding Rs 500 per equity share with a face value of Rs 10.
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Cigniti Technologies Buyback Date
The Issue Period of Cigniti Technologies Buyback is 27 May to 26 Nov 2022. This buyback share will open on 27 May 2022 and closing date is 26 Nov 2022. Cigniti Technologies Buyback Issue Type is Open Market Through Stock Exchange.
Cigniti Technologies Buyback Price
The Issue Price of Cigniti Technologies Buyback is Rs 500 per share. This buyback share will list on BSE & NSE. Cigniti Technologies face value is Rs 10.
Cigniti Technologies Limited is a prominent provider of digital assurance, software testing, and quality assurance services. Artificial intelligence testing, robotic process automation, security testing, DevOps transformation, and test management services are among the services provided by the organisation. In 13 countries, Cigniti Technologies services various Fortune 500 and Global 2000 firms. Cigniti’s clients include Southwest, Snapdeal, AirAsia, and Cipla, among others.
Cigniti Technologies Buyback FAQs
What is Cigniti Technologies Buyback May 2022 price?
The Cigniti Technologies Buyback May 2022 price is set at Rs 500 Per Share. The Cigniti Technologies Buyback May 2022 opens on May 27, 2022 and closes on Nov 26, 2022.
How do I get the Tender Form for Cigniti Technologies Buyback May 2022?
The Letter of Offer includes a Tender Form. It is communicated to eligible shareholders through email on their depositories’/Company’s registered email addresses.
If the email address is not recorded, the Tender form/Letter of Offer is mailed to eligible shareholders on the record date through registered mail, speed mail, or courier.
Alternatively, the Tender Form and Letter of Offer can be found on the Company’s, Registrar to the Buyback’s, Stock Exchanges’, and Manager to the Buyback’s websites.
Where can I get the Public Announcement for Cigniti Technologies Buyback May 2022?
The Public Announcement for Cigniti Technologies Buyback May 2022 can be download here.
How to participate in for Cigniti Technologies Buyback May 2022?
Through their stockbroker, any equity shareholder with shares in Demat form can participate in the repurchase offer. Only after the shares have been turned into a Dematerialized form can the physical shareholder participate.
The shareholder must advise their broker about the Equity shares they desire to sell. When the corporation issues a buy order for the buyback, the broker will place a sell order. Only when the price given by the shareholder meets the company’s buy order will the trade be conducted at the offer price or less.
Why is Cigniti Technologies Buyback May 2022 coming up with buyback?
Necessity of the Issue:
The buyback is being undertaken for the following reason:
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.
Is Cigniti Technologies Buyback May 2022 good or bad?
The Cigniti Technologies Buyback in May 2022 provides owners with an option to sell their stock at a higher price. If you stay invested, you will have a higher percentage of the company’s stock and higher earnings per share. To decide whether to stay invested or participate in the repurchase offer, one must first analyse the company’s fundamentals, as well as one’s needs, ambitions, and risk appetite.
What is opening date for Cigniti Technologies Buyback?
The Cigniti Technologies Buyback opening date is 27 May 2022.
What is the issue size of Cigniti Technologies Buyback?
Cigniti Technologies Buyback issue size is a Rs. 38 Crores.
What is Buyback Price of Cigniti Technologies Buyback?
Cigniti Technologies Buyback issue price is a Rs. 500 per share.