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eClerx Services, an Indian IT consulting firm proposed a buyback of 10.63 lakhs shares at Rs. 2850 per share, totaled to Rs. 303 Cr opens soon.
eClerx Services is an Indian IT consulting and outsourcing company that offers business process management, change management, data-driven insights, and advanced analytics services. It offers services across industries i.e. financial, telecommunication, retail, manufacturing, travel and leisure, entertainment, etc.
Below is the complete details about eClerx Services Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | ₹303 Cr |
| Buyback Number of Shares: | 10.63 lakhs |
| Buyback Price: | Rs 2850 |
| Buyback Offer Size (In %): | 20.59% |
| Total Share Capital: | Rs 7950 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in eClerx Services buyback offer? No
In this section we have covered all important dates related to eClerx Services Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 13th Aug 2021 |
| Buyback Approval date | 16th Aug 2021 |
| Public Announcement of Buyback | 17th Aug 2021 |
| Record Date | 30th Sep 2021 |
| Buyback opens on/Buyback Opening Date | 18th Oct 2021 |
| Buyback closes on/Buyback Closing Date | 1st Nov 2021 |
| Cut-off date to receive completed tender forms by Registrar | 1st Nov 2021 |
| Cut-off date for verification by the Registrar | 2nd Nov 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
8th Nov 2021 |
| Last date of settlement of bids on the stock exchange | 9th Nov 2021 |
| Last date to return unaccepted shares by Registrar | 9th Nov 2021 |
| Last date of extinguishment of Equity Shares | 12th Nov 2021 |
Stock Holding table gives a clear picture on retail investor holdings of eClerx Services shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 53.81% |
| Non-Promoter-Institutions | 37.01% |
| Non-Promoter-Non-Institutions | 9.18% |
eClerx Services Public Announcement >>Document
eClerx Services Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 13 Equity Share out of every 74 fully paid-up Equity Share held on the Record Date. | 17.56 |
| General Category | 13 Equity Share out of every 489 fully paid-up Equity Share held on the Record Date. | 2.65% |
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 985.20 (6.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
eClerx Services Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for eClerx Services? How can I apply in eClerx Services Buyback offer?Last Updated on 2021-11-29T21:54:49+00:00
