eClerx Services Limited’s Board has approved a buyback of up to 666,666 equity shares at a price of ₹4,500 per share, totaling ₹3,000 million. The buyback, representing 1.40% of total equity shares, aims to return surplus funds to eligible shareholders through a tender offer. Shareholders approved the plan on December 5, 2025, with the record date set for December 17, 2025.
Equity Buyback Approved
The Board of Directors of eClerx Services Limited authorized a buyback of equity shares on October 24, 2025. The Buy Back Committee will manage the process, adhering to regulations and seeking necessary approvals.
Key Details of the Offer
The company will repurchase up to 666,666 fully paid-up equity shares, each with a face value of ₹10. The buyback price is set at ₹4,500 per share, with a total expenditure not exceeding ₹3,000 million, excluding transaction costs. This represents 1.40% of the total number of equity shares as of March 31, 2025. The buyback will be conducted through a tender offer.
Purpose of the Buyback
eClerx aims to return surplus cash to its shareholders and enhance shareholder value. The company believes the buyback would improve the return on equity and lead to a long-term increase in shareholder value. The buyback will help achieve an optimal capital structure.
Shareholder Participation and Tax Implications
Participation in the buyback is optional. Eligible shareholders may tender shares or choose to maintain their current holdings. The Finance (No. 2) Act, 2024 shifts the tax liability to the shareholders. Eligible shareholders are advised to consult their financial and tax advisors.
Promoter Intention
The Promoters and Promoter Group of the Company have expressed their intention of not participating in the Buy Back.
Record Date
The record date for determining eligible shareholders is December 17, 2025. A copy of the public announcement is available on the company’s website and on the stock exchanges’ websites.
Registrar Details
For any queires. shareholders can contact KFin Technologies Limited. or by email at eclerx.buyback2025@kfintech.com.
Source: BSE