The ₹258-crore buyback offer of eClerx Services opens on Thursday and ends on March 8. The company plans to buy back 12.90 lakh shares at a maximum price of ₹2,000 a share. The size of the buyback is 3.23 per cent of the total paid-up equity of eClerx Services. The record date for the buyback, which will be on a proportionate basis through tender route, was set as February 5. Promoters PD Mundhra and Anjan Malik had conveyed their intention to participate in the buyback.
MORE FROM BUSINESSLINE
Getting recommendations just for you...
- Comments will be moderated by The Hindu Business Line editorial team.
- Comments that are abusive, personal, incendiary or irrelevant cannot be published.
- Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
- We may remove hyperlinks within comments.
- Please use a genuine email ID and provide your name, to avoid rejection.