eClerx Services Buyback Aug 2021

Broker Articles   Buyback Dates   Compare Top Stock Brokers in India  
Rated 3.5/5 by Team TopShareBrokers

Save Brokerage Upto 60%

Name 

 Phone 
Email   State 
City    NRI Form ⇒

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.

What is eClerx Services Buyback details?

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? Yes

What are eClerx Services Buyback Important Dates?

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.

    eClerx Services buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 13th Aug 2021
    Buyback Approval date 13th Aug 2021
    Public Announcement of Buyback 13th Aug 2021
    Record Date Not Yet Announced
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

eClerx Services Share Holding Pattern as of Jun 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

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Mahalaxmi Rubtech LimitedTender OfferRs 18.90 Cr7027-08-202129-09-202112-10-2021
eClerx ServicesTender Offer₹303 Cr28502196.05 (-0.72%)TBDTBDTBD

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.

We can help you choose the right broker. Contact us today...

@
  NRI Form ⇒

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?

Company Contact Information

eClerx Services
Sonawala Building, 1st Floor,
29 Bank Street, Fort,
Mumbai 400 023, Maharashtra, India
Website: https://eclerx.com/

Registrar Contact Information

KARVY FINTECH PRIVATE LIMITED
Karvy Selenium, Tower-B,
Plot No 31 & 32,
Gachibowli Financial District,
Nanakramguda,
Hyderabad 500032
Email id: [email protected]
Website: www.karvyfintech.com
Request call back from

Last Updated on 2021-09-20T23:49:03+00:00


Buyback FAQs

  1. 1. What is the record date for eClerx Services buyback offer?

    The Record Date for eClerx Services Buyback offer has not been announced yet.

     

     

  2. 2. How much I can make with eClerx Services buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have eClerx Services shares at ₹2172.40 and buyback offer price is ₹2850, you can get ₹677.5999999999999 per accepted share. If you hold 92 shares of eClerx Services and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 30 to 46 shares with the gain from buyback of ₹20328 to ₹31170.

    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 Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%30₹20328
    50%46₹31170
    75%69₹46754
    100%92₹62339

     

     

  3. 3. How to Participate in eClerx Services buyback offer?

    Steps to participate in eClerx Services buyback:

    1. On Record date (Not Yet Announced) you must have share of eClerx Services 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.

     

     

  4. 4. How many eClerx Services share are eligible for buyback?

    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.

     

     

  5. 5. When I need to tender eClerx Services share for buyback?

    Buyback opening date for eClerx Services: Not Yet Announced

    Buyback closing date for eClerx Services: Not Yet Announced

    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 Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in eClerx Services buyback offer?

    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 Not Yet Announced.

     

     

  7. 7. When I need to tender eClerx Services share for buyback?

    Buyback opening date for eClerx Services: Not Yet Announced

    Buyback closing date for eClerx Services: Not Yet Announced

    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 Not Yet Announced.

     

     

Compare 3 Brokers

User Comments

avatar
  2021-08-16T05:56:09+00:00






Translate topsharebrokers.com: