1:3 Bonus Issue + Buyback Today: Brigade Enterprises, Cyient Stock To Turn Ex-Date On June 17, 2026; BUY/SELL?

Two stocks will turn ex-date on June 17, 2026, due to buyback shares and a bonus issue. These are Brigade Enterprises and tech player Cyient. While Brigade will turn ex-date for 1:3 bonus shares, Cyient will recognize eligible shareholders for the buyback of shares. Accordingly, these two stocks will witness significant movement.

Brigade Enterprises Bonus Issue:

The real estate company, Brigade Enterprises, will turn ex-date for its 1:3 bonus issue. The ratio means Brigade will issue one free share on existing 3 equity shares to eligible shareholders.

Ahead ex-date, Brigade stock stood at Rs 719.95 apiece on BSE, with market cap of Rs 17,611.55 crore. Yesterday, the stock gained by over 5%.

Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives, which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Brigade Enterprises Limited is an Indian real estate and property development company that is based in Bangalore. The Brigade Group also has operations in Mangalore, Mysore, Chennai, Kochi, Hyderabad, Chikmagalur, Ahmedabad and a representative office in Dubai.

Cyient Buyback

Cyient is turning ex-buyback on June 17, 2026, which is also the record date to determine the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

The company will buyback shares worth Rs 720 crore from eligible shareholders at an buyback price of Rs 1,125 per share, which is at nearly 24% premium from June 16th closing price of Rs 907.30 apiece.

In simple words, buyback means a listed company can buy back shares from their respective shareholders including the public shareholders.

Cyient is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, networks and operations.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.