Cyient approves Rs 720 crore share buyback as Q4 profit falls sharply. Check premium
Cyient approved a share buyback worth Rs 720 crore, alongside reporting a weak March quarter performance where profit came in well below street expectations. The engineering and technology services company said it will buy back up to 64 lakh shares at a price of Rs 1,125 per share. This is a 20% premium over the…