eClerx Services Buyback 2022 Record Date, Buyback Price, Entitlement Ratio

eClerx Services Buyback

eClerx Services Buyback 2022 description – The company is in the business of providing process and change management and data analytics services that helps in improving their efficiency, productivity, and overall business performance.

It provides customizable services to various industries like financial industry, telecommuncations, fashion, entertainment, travel, software and hi-tech to power up their businesses.

The company has local presence in Mumbai and global presence across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Thailand, UK, and the USA.

eClerx Services Share Buyback 2022 Details

Buyback Dates3 – 16 February 2023
eClerx Services Buyback Price INR 1,750 per share
Buyback Offer Size (Shares)17,14,285 shares
Buyback Offer Size (Amount)INR 300 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

eClerx Services Buyback Dates (Timeline)

Board Meeting for Buyback Proposal10 November 2022
Buyback Approval Date10 November 2022
Public Announcement of Buyback16 December 2022
eClerx Services Buyback Record Date27 December 2022
Buyback Opening Date3 February 2023
Buyback Closing Date16 February 2023
Cut-off Date to receive completed tender forms by Registrar16 February 2023
Verification Date by the Registrar17 February 2023
Return of unaccepted shares by Registrar24 February 2023
Extinguishment of accepted shares1 March 2023

eClerx Services Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

eClerx Services Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(shares less than INR 2 Lakh)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

eClerx Services Ltd’s Financial Performance

FY 2019FY 2020FY 2021FY 2022
Total Income1,195.641,174.171,236.791,571.86
Total Expenses885.12946.26862.311,043.37
Net income 209.61123.57238.90354.90
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,750
Maximum shares for small shareholder (2,00,000/1,750)115 shares*
Closing price of stock as on 10 November 2022INR 1,375.20 **
Maximum amount invested in buyback (INR 1,375.20 x 115 shares)INR 1,58,148
* No. of shares stands to change according to the closing price on record date
** For simplicity, IPO Central
has considered price on buyback approval date

eClerx Services Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
1151818 (100%)6,746.404.27
1151836 (200%)13,492.808.53
1151854 (300%)20,239.2012.80

Registrar of eClerx Services Buyback 2022

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91-40-67162222 
Email: [email protected]

Manager of eClerx Services Buyback 2022

The Ruby, 7th Floor, Senapati Bopal Marg,
Dadar-West- Mumbai-400028
Tel. No.: +912266121212
Email: [email protected]

Process to Participate in eClerx Services Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

When does eClerx Services share buyback offer open?

eClerx Services share buyback opens on 3 February 2023 and closes on 16 February 2023.

Which type of buyback is eClerx Services buyback offer?

eClerx Services buyback is a tender offer.

What is eClerx Services buyback price?

eClerx Services buyback price is INR 1,750 per share.

What is eClerx Services buyback record date?

eClerx Services buyback record date is 27 December 2022.


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