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 Dates | 3 – 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 Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
eClerx Services Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 10 November 2022 |
| Buyback Approval Date | 10 November 2022 |
| Public Announcement of Buyback | 16 December 2022 |
| eClerx Services Buyback Record Date | 27 December 2022 |
| Buyback Opening Date | 3 February 2023 |
| Buyback Closing Date | 16 February 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 16 February 2023 |
| Verification Date by the Registrar | 17 February 2023 |
| Return of unaccepted shares by Registrar | 24 February 2023 |
| Extinguishment of accepted shares | 1 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 Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (shares less than INR 2 Lakh) | 7/46 | 15.22 |
| General category (for all other Eligible Shareholders) | 6/202 | 2.97 |
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 2019 | FY 2020 | FY 2021 | FY 2022 | |
| Total Income | 1,195.64 | 1,174.17 | 1,236.79 | 1,571.86 |
| Total Expenses | 885.12 | 946.26 | 862.31 | 1,043.37 |
| Net income | 209.61 | 123.57 | 238.90 | 354.90 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,750 |
| Maximum shares for small shareholder (2,00,000/1,750) | 115 shares* |
| Closing price of stock as on 10 November 2022 | INR 1,375.20 ** |
| Maximum amount invested in buyback (INR 1,375.20 x 115 shares) | INR 1,58,148 |
** For simplicity, IPO Central has considered price on buyback approval date
eClerx Services Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 115 | 18 | 18 (100%) | 6,746.40 | 4.27 |
| 115 | 18 | 36 (200%) | 13,492.80 | 8.53 |
| 115 | 18 | 54 (300%) | 20,239.20 | 12.80 |
Registrar of eClerx Services Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91-40-67162222Â
Email:Â [email protected]
Website: www.kfintech.com
Manager of eClerx Services Buyback 2022
EMKAY GLOBAL FINANCIAL SERV1CES LIMITED
The Ruby, 7th Floor, Senapati Bopal Marg,
Dadar-West- Mumbai-400028
Tel. No.: +912266121212
Email: [email protected]
Website: www.emkayglobal.com
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.
