eClerx Services has received board’s approval for buyback of its own equity shares from public shareholders. The board of directors at its meeting held on April 9 has approved amendment of article enabling buy-back of as much as 10% of shares of the total paid-up equity capital and free reserves of the company.
The promoters held 53.26% stake in the company at the end of March 2013. The company is engaged in providing data analytics and customized process solutions to global enterprise clients from its offshore delivery centers in India. The portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.