₹2,800.00
Buyback price per share03 Jul, 2024
Last Date to buy shares04 Jul, 2024
Record Date09 Jul, 2024
Offer Opens15 Jul, 2024
Offer Closes15 Jul, 2024
Last Date for Tender Forms22 Jul, 2024
Last Date for settlement of bids30 Jul, 2024
Last Date for Extinguishment of SharesAbout eClerx Services Limited Buyback Company
EClerx Services Limited provides process and change management and data analytics services to help other organizations improve their efficiency, productivity, and overall business performance.
The company's products include service offerings in three categories:: eClerx Customer Operations, eClerx Digital, and eClerx Markets. The company has more than 3000 full-time employees dedicated to digital delivery across its five production centers in Mumbai, Pune, Chandigarh, Verona, and Phuket.
eClerx provides customizable services to industries such as finance, telecom, fashion, entertainment, travel, software, and high-tech to drive their business.
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 Limited Buyback Details
- Security Name eClerx Services Limited
- Buyback Price ₹2,800.00
- Face Valuet ₹10.00
- Listing at Group BSE, NSE
- Lead Manager Emkay Global Financial Services Ltd
- Issue Size 1,375,000 (2.8 % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
eClerx Services Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1/6 | 206250 |
| General Category for all other Eligible Shareholders | 10/109 | 1168750 |
eClerx Services Limited Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Assets | 2,928.97 | 2,287.74 | -- |
| Reserves And Surplus | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Revenue | 2,991.18 | 2,713.85 | -- |
| Profit After Tax | 511.73 | 489.18 | -- |
| Total Borrowing | -- | -- | -- |
How to Participate in eClerx Services Limited Buyback?
Calculation of Investment in eClerx Services Limited Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date May 16, 2024
Expected Profit from the eClerx Services Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹171,657.14 | 23 | 9126 | 5.32% |
| 50% | ₹171,657.14 | 35 | 13888 | 8.09% |
| 75% | ₹171,657.14 | 53 | 21030 | 12.25% |
| 100% | ₹171,657.14 | 71 | 28172 | 16.41% |
Amount Invested in Buyback: ₹171,657.14
eClerx Services Limited Buyback - Necessity of the Objective
The Buy-Back will help the Company to return surplus cash to its shareholders holding ordinary shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
The Company believes that the reservation for small shareholders would benefit a large number of public shareholders, who would get classified as small shareholders as per Regulation 2(i)(n) of the Buy-Back Regulations;
The Buy-Back would help in improving return on equity by reducing the share capital base and increasing shareholder's value in the longer term;
The Buy-Back gives an option to the shareholders holding ordinary shares of the Company, who can choose to participate and get cash in lieu of ordinary shares to be accepted under the Buy-Back offer or they may choose not to participate and benefit from a resultant increase in their percentage shareholding, post the Buy-Back offer, without additional investment.
The Buy-Back will help the Company in achieving an optimal capital structure.
Contact Details
eClerx Services Limited Buyback
4th Floor, Express Towers, Nariman Point, Mumbai - 400 021
+91 22 6614 8301
investor@eclerx.com
Registrar Contact Details
Kfin Technologies Limited
eclerx.buyback@kfintech.com
04067162222, 04079611000