eClerx Services Ltd.

eClerx Services has bought back 11.7 lakh shares for Rs 234 crore as a part of a share buyback offer, which began on November 28, 2016. Post buyback, the promoters holding in the company increased to 50.44% from 50.25%, while holding of foreign investors rose to 49.56% from 29.93%. Earlier, in August, the company’s board had approved a proposal to buy back shares, subject to the approval of shareholders, for an aggregate amount not exceeding Rs 234 crore at a price of not more than Rs 2000 per share through a tender offer.

eClerx Services provides 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.