eClerx Services informs about outcome of share buyback committee meeting

15 Oct 2016 Evaluate

eClerx Services has informed that the Share Buyback Committee of Board of Directors of the Company at its meeting held on October 14, 2016, which commenced at 06.45 p.m. and concluded at 8.01 p.m., have determined the Final Buyback Price of Rs 2,000 (the ‘Buyback Price’) and the final amount for Buyback to be Rs 2,340 million (the ‘Buyback Size’) excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc. With the Buyback price of Rs 2,000 and Buyback Size of Rs 2,340 million, the total number of shares to be bought back in the Buyback shall be 1,170,000 Equity Shares, representing about 2.87% of the total issued and paid-up equity capital of the Company as on March 31, 2016.The aforesaid terms of Buyback are within the maximum limits approved by the Board of Directors at its meeting held on August 29, 2016, and as approved by shareholders by special resolution, through postal ballot, results of which were announced on October 14, 2016.

The above information is a part of company’s filings submitted to BSE.

eClerx Services Share Price

1449.75 2.40 (0.17%)
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