eClerx Services Buyback Record Date 2024, Price, Entitlement Ratio

eClerx Services Buyback Record Date

eClerx Services Buyback Record Date is yet to be finalized. 

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

eClerx Services Buyback Record Date, Other Details

eClerx Services Buyback DatesComing soon
eClerx Services Buyback Price INR 2,800 per share
Market Price on Buyback ApprovalINR 2,403.20 per share
Buyback Premium on Market Price16.51%
Buyback Offer Size (Shares)13,75,000 shares
Buyback Offer Size (Amount)INR 385 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

eClerx Services Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal9 May 2024
Buyback Approval Date16 May 2024
Public Announcement of BuybackComing soon
eClerx Services Buyback Record DateComing soon
Buyback Opening DateComing soon
Buyback Closing DateComing soon
Cut-off Date to receive completed tender forms by RegistrarComing soon
Verification Date by the RegistrarComing soon
Return of unaccepted shares by RegistrarComing soon
Extinguishment of accepted sharesComing soon

eClerx Services Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

eClerx Services Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)
*Calculated by IPO Central

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 2022FY 2023FY 2024
Total Income1,551.311,888.162,094.83
Total Expenses1,043.371,382.151,596.16
Net Income 354.90378.40357.04
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a shareholder as on record dateINR 2,00,000
Buyback price per shareINR 2,800
Maximum shares for small shareholders (2,00,000/2,800)72 shares *
The closing price of the stock as of 16 May 2024INR 2,403.20**
Maximum amount invested in buyback (INR 2,403.20 x 72 shares)INR 1,73,030
* No. of shares stands to change according to the closing price on the record date
** For simplicity, we have considered the price on the buyback approval date

eClerx Services Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
7288 (100%)3,174.401.83
72816 (200%)6,348.803.67
72824 (300%)9,523.205.50

Registrar of eClerx Services Buyback 2024

Coming soon

Manager of eClerx Services Buyback 2024

Coming soon

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 2024 and closes on 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 coming soon.

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.


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