eClerx share buyback 2022: Check buyback price and record date | eClerx Share Price NSE, BSE

eClerx Share BuyBack 2022: IT consulting and outsourcing multinational company eClerx Services Ltd has announced a share buyback. The decision has been taken by the board of directors of the company. 

 eClerx BuyBack: Offer Size

The company has announced a buy back for an amount of Rs 300 crore, excluding any expenses incurred for the buy back viz fees, brokerage costs, turnover charges, taxes and others. This will be done via a tender route at a final buyback price of Rs 1,750 per share. 

With this offer size, the total number of shares that the company will buy back shall be upto 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. 

eClerx BuyBack: Record Date

The record date for buy back of equity shares of the face value of Rs 10 has been fixed as December 27, 2022. The record date determines the names of the equity shareholders who are eligible to participate in the buy back and their entitlements. 

"The aforesaid terms of buy back are within the maximum limits approved by the Board of Directors at its meeting held on November 10, 2022, and as approved by the shareholders by way of a special resolution through postal ballot, results of which were announced on December 14, 2022," the company said in an exchange filing.