eClerx Services Buyback 2023 Details

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eClerx Services Limited was established in 2000 and works with other businesses to assist them increase their productivity, efficiency, and general business performance. The company’s services are divided into three categories: eClerx Customer Operations, eClerx Digital, and eClerx Markets. At its five production centres in Mumbai, Pune, Chandigarh, Verona, and Phuket, the company employs more than 3,000 full-time workers for digital delivery. 

To help many industries, including the financial sector, telecommunications, fashion, entertainment, travel, software, and high-tech, grow their enterprises, eClerx offers bespoke services. The business is present locally in Mumbai and internationally in Australia, Canada, Germany, India, Italy, the Netherlands, the Philippines, Singapore, Thailand, the United Kingdom, and the United States. 

eClerx Services Buyback 2023 Detail 

Issue Period Feb 3, 2023 – Feb 16, 2023 
Security Name eClerx Services Limited 
Issue Type Tender Offer 
Issue Size (Shares) 1,714,285.00 
Issue Size (Amount) ₹300.00 Crores 
Buyback Price ₹1750 per share 
Face Value ₹10 per share 
Listing At BSE, NSE 
Marksans Pharma Buyback Details 2023

eClerx Services Buyback 2022 Dates 

Last Date to buy shares Dec 23, 2022 
Record Date Dec 27, 2022 
Offer Opens On Feb 3, 2023 
Last Date for receipt of Tender Forms Feb 16, 2023 
Offer Closes On Feb 16, 2023 
Finalisation of Buyback Acceptance Feb 23, 2023 
Last Date for settlment of bids Feb 24, 2023 
Last Date for Extinguishment of Shares Mar 1, 2023 

Buyback Ratio 

Category Entitlement Ratio of Buyback Shares Offered 
Reserved Category for Small Shareholders 7 Equity Shares out of every 46 Fully paid-up Equity Shares held on the Record Date. 257,143.00 
General Category for all other Eligible Shareholders 6 Equity Shares out of every 202 Fully paid-up Equity Shares held on the Record Date. 1,457,142.00 

Company Financials 

Period Ended Total Revenue Profit After Tax Net Worth 
31-Mar-20 1174.17 123.57 1111.31 
31-Mar-21 1230.36 238.79 1182.62 
31-Mar-22 1571.86 354.9 1174.53 
Amount in ₹ Crore 

Objectives of the Issue 

The Buy Back is being proposed by the company for fulfilling the following objectives: 

  1. The Buy Back will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders. 
  1. The Buy Back may help in improving return on equity due to reduction in the equity base, thereby leading to long term increase in shareholder value. 
  1. The Buy Back will help in achieving an optimal capital structure. 

eClerx Services Buyback Documents

Company Contact Information

eClerx Services Limited
4th Floor, Express Towers,
Nariman Point,
Mumbai – 400 021

Phone: +91 22 6614 8301

eClerx Services Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India – 500 032.

    Phone: 04067162222, 04079611000

eClerx Services Buyback Manager

Lead Manager(s)

  1. Emkay Global Financial Services Ltd


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