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eClerx Services Buyback Nov 2022

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eClerx Services Buyback Nov 2022

eClerx Services Limited (BSE:532927, NSE:ECLERX) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for eClerx Services Buyback Nov 2022? The company has announced a buyback price of Rs 1750. Buyback Announced on TBD, the Record Date for the eligible investor is 27-12-2022.

eClerx Services Limited Buyabck Tender process starts from 03-02-2023 and end on 16-02-2023.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 15.22%.

The summary report of eClerx Services Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

eClerx Services Limited Buyback

TitleDetail
Company Name:eClerx Services Limited
Buyback Type:Tender Offer
Offer Amount:₹300.00Cr
Buyback Number of Shares:17,14,285
Buyback Price:1750
Approx Entry Price:1414.3
Promoters In:Y
Record Date:27-12-2022
Buyback Open Date:03-02-2023
Buyback Close Date:16-02-2023
Payment Date:23-02-2023
Record Date Price:-
Maximum Retail Quantity:-
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:7 Equity Share out of every 46 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:15.22
Acceptance Ratio General:6 Equity Share out of every 202 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:2.97
Final Acceptance Ratio %:-

FAQs

The Record Date for eClerx Services Limited Buyback offer is 27th Dec 2022

Which means you should hold the eClerx Services Limited share in your demat account by closing session of 27th Dec 2022. Share purchased on and before (27th Dec 2022) - 2 business days will be available in your demat account by 27th Dec 2022.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have eClerx Services Limited shares at ₹1414.3 and buyback offer price is ₹1750, you can get ₹335.70000000000005 per accepted share. If you hold 141 shares of eClerx Services Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 47 to 70 shares with the gain from buyback of ₹15778 to ₹23499.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

eClerx Services Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%47₹15778
50%70₹23499
75%106₹35584
100%141₹47334

 

Steps to participate in eClerx Services Limited buyback:

  1. On Record date (27th Dec 2022) you must have share of eClerx Services Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for eClerx Services Limited: 3rd Feb 2023

Buyback closing date for eClerx Services Limited: 16th Feb 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 23rd Feb 2023.

 

Buyback opening date for eClerx Services Limited: 3rd Feb 2023

Buyback closing date for eClerx Services Limited: 16th Feb 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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