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Board of eClerx Services approves proposal for buyback of shares

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Capital Market
Last Updated : Dec 22 2017 | 3:31 PM IST

At meeting held on 22 December 2017

The Board of eClerx Services at its meeting held on 22 December 2017 has approved a proposal for Buyback of Equity Shares of the Company for an amount not exceeding Rs 258 crore and at a price not exceeding Rs 2000 per equity share. At Maximum Buyback Price, the buyback translates into approximately 1,290,000 Equity Shares of the Company, representing about 3.24% of the total paid up equity share capital of the Company, as on 31 March 2017 and representing about 3.23% of the existing total paid up equity share capital of the Company.

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First Published: Dec 22 2017 | 3:16 PM IST

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