eClerx Services Buyback Record Date is finalized.Â
Incorporated in 2000, eClerx Services offers process and change management and data analytics services to help organizations enhance their efficiency, productivity, and overall business performance. The company’s services are categorized into three main areas: eClerx Customer Operations, eClerx Digital, and eClerx Markets.
It provides customizable services to various industries, including financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech. The company has over 3,000 full-time employees dedicated to digital delivery across its five production centers in Mumbai, Pune, Chandigarh, Verona, and Phuket.
The company has a local presence in Mumbai and a global presence in Australia, Canada, Germany, India, Italy, the Netherlands, the Philippines, Singapore, Thailand, the United Kingdom, and the United States.
eClerx Services Buyback Record Date, Other Details
| eClerx Services Buyback Dates | 9 – 15 July 2024 |
| eClerx Services Buyback Price | INR 2,800 per share |
| Market Price on Buyback Approval | INR 2,403.20 per share |
| Buyback Premium on Market Price | 16.51% |
| Buyback Offer Size (Shares) | 13,75,000 shares |
| Buyback Offer Size (Amount) | INR 385 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
eClerx Services Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 9 May 2024 |
| Buyback Approval Date | 16 May 2024 |
| Public Announcement of Buyback | 25 June 2024 |
| eClerx Services Buyback Record Date | 4 July 2024 |
| Buyback Opening Date | 9 July 2024 |
| Buyback Closing Date | 15 July 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 15 July 2024 |
| Verification Date by the Registrar | 16 July 2024 |
| Return of unaccepted shares by Registrar | 22 July 2024 |
| Extinguishment of accepted shares | 30 July 2024 |
eClerx Services Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
eClerx Services Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/6 | 16.67 |
| General category (for all other Eligible Shareholders) | 10/409 | 2.44 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
eClerx Services Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 1,551.31 | 1,888.16 | 2,094.83 |
| Total Expenses | 1,043.37 | 1,382.15 | 1,596.16 |
| Net Income | 354.90 | 378.40 | 357.04 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 2,800 |
| Maximum shares for small shareholders (2,00,000/2,800) | 72 shares * |
| The closing price of the stock as of 16 May 2024 | INR 2,403.20** |
| Maximum amount invested in buyback (INR 2,403.20 x 72 shares) | INR 1,73,030 |
**Â For simplicity, we have considered the price on the buyback approval date
eClerx Services Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 72 | 13 | 13 (100%) | 5,158.40 | 2.98 |
| 72 | 13 | 26 (200%) | 10,316.80 | 5.96 |
| 72 | 13 | 39 (300%) | 15,475.20 | 8.94 |
Registrar of eClerx Services Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of eClerx Services Buyback 2024
EMKAY GLOBAL FINANCIAL SERV1CES LIMITED
The Ruby, 7th Floor, Senapati Bopal Marg,
Dadar-West- Mumbai-400028
Tel. No.:Â +912266121212
Email:Â [email protected]
Website:Â www.emkayglobal.com
The 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 stockbroker. 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
What are eClerx Services’ buyback dates?
eClerx Services share buyback opens on 9 July 2024 and closes on 15 July 2024.
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 2,800 per share.
What is the eClerx Services buyback record date?
eClerx Services’ buyback record date is 4 July 2024.
How to participate in ineClerx Services share buyback?
eClerx Services share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
