Tech firm eClerx Services today said it has bought back shares worth Rs 234 crore from shareholders.
"The buyback was undertaken on a proportionate basis, from the fully-paid up equity shareholders/beneficial owners of the equity shares of the company as on October 28, 2016, by way of a tender offer for cash at a price of Rs 2,000 per equity share aggregating to Rs 234 crore, excluding the transaction cost," eClerx said in a BSE notice.
The equity shares bought back represent 2.87 per cent of the total number of paid-up equity share capital of the company as on March 31, 2016, it added.
"A total of 1,170,000 equity shares were bought back under the buyback," it said.
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RedGirraffe.Com appoints Alan Rosling as its Board Advisor * Fintech and Real Estate technology company RedGirraffe.Com today said it has appointed ex-Tata Sons ED Alan Rosling CBE as its Board Advisor-Strategy.
In his role, Alan will closely work with the Founder and CEO of RedGirraffe.Com on strategising clinical operational layouts and on achieving revenue scale for RentPay -- a patent pending block chain technology based Fin-tech Payment product within multiple cities in India and the UK.
Alongside the founder, he will also be responsible for international institutional fund raising exercise for RedGirraffe.Com, a company release said.
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