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 |
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:
- 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.
- 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.
- 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
Email: investor@eclerx.com
Website: https://eclerx.com/
eClerx Services Buyback Registrar
- KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: eclerx.buyback@kfintech.com
Website: https://karisma.kfintech.com/
eClerx Services Buyback Manager
Lead Manager(s)
- Emkay Global Financial Services Ltd
