The Buy Back Committee of the Board of Directors of eClerx Services Limited at the meeting held today i.e. December 15, 2022, which commenced at 11.00 am and concluded at 12.10 pm, approved the final Buy Back price of ₹ 1,750/-

With the given offer size and buyback price, the total number of shares to be bought back shall be upto 17,14,285 representing 3.38 percent of the total number of the total paid up equity share capital of the company, according to the statement.

As per the BSE filing, the company has fixed December 27 as the record date to determine who would be eligible to participate in the offer; the shareholders to whom the Letter of Offer and Tender Offer Form will be delivered in relation to the buyback

At this buyback price and offer size, eClerx would buy back up to 17,14,285 equity shares, representing 3.38 per cent of the total number of equity shares in the total paid up equity share capital of the company.

The company has fixed Tuesday, December 27, as the record date for the purpose of determining the names of the equity shareholders who are eligible to participate in the buy back and their entitlements.

On December 27, the company would determine shareholders who would be eligible to participate in the share buyback; the shareholders to whom the letter of offer and tender offer form will be delivered in relation to the buy back

The company has also been in the news recently after it announced an issue of bonus shares in August this year. Shareholders received one new bonus share for every two shares they held.

eClerx provides business process management, automation and analytics services to enterprises, including companies in financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology businesses