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Dec 19th 2017 - On 22nd Dec 2017 - A meeting of board of directors is scheduled to consider a proposal pertaining to buyback of the fully-paid shares of the company.
Dec 22,2017 - eClerx Services Private ltd Board has approved a proposal for buyback of up to 12.9 lakhs shares at Rs 2000 per share, aggregating Rs 258 Cr.
Below is the complete details about eClerx Services Ltd Buyback. Record date, buyback open and close dates are announce in below section.
Buyback Type: | Tender Offer |
Buyback Offer Amount: | Rs 258 Cr |
Buyback Number of Shares: | 12.9 Lakhs |
Buyback Price: | Rs 2000 |
Buyback Offer Size (In %): | 3.23% |
Total Share Capital: | Rs 5,343.74 Cr |
Face Value: | 10 Per Equity Share |
Can I Invest today to participate in eClerx Services Ltd buyback offer? No
YIn this section we have covered all important dates related to eClerx Services Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
Buyback Activity | Date |
---|---|
Board Meeting for Buyback proposal | 22nd Dec 2017 |
Buyback Approval date | 22nd Dec 2017 |
Public Announcement of Buyback | 22nd Dec 2017 |
Record Date | 5th Feb 2018 |
Buyback opens on/Buyback Opening Date | 22nd Feb 2018 |
Buyback closes on/Buyback Closing Date | 8th Mar 2018 |
Cut-off date to receive completed tender forms by Registrar | 10th Mar 2018 |
Cut-off date for verification by the Registrar | 12th Mar 2018 |
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
12th Mar 2018 |
Last date of settlement of bids on the stock exchange | 13th Mar 2018 |
Last date to return unaccepted shares by Registrar | 13th Mar 2018 |
Last date of extinguishment of Equity Shares | 20th Mar 2018 |
Stock Holding table gives a clear picture on retail investor holdings of eClerx Services Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
Holding Type | In % |
---|---|
Promoter-Foreign | 25.01% |
Promoter-Indian | 25.15% |
Non-Promoter-Institutions | 42.57% |
Non-Promoter-Non-Institutions | 6.73% |
Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
---|---|---|
Reserved Category | 6 Equity Share out of every 47 fully paid-up Equity Share held on the Record Date. | 12.77 |
General Category | 6 Equity Share out of every 211 fully paid-up Equity Share held on the Record Date. | 2.84% |
For eClerx Services Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 760.19, No. of Equity Shares reserved in Buyback was 1096500 where valid bid received for retail category was 8752424 which is 760.19 oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 544.72, No. of Equity Shares reserved in Buyback was 193500 where valid bid received for retail category was 1054035 which is 544.72. Final Acceptance Ratio for Retail Investors was 12.77%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
---|---|---|---|---|---|---|---|
Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
eClerx Services Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for eClerx Services Ltd? How can I apply in eClerx Services Ltd Buyback offer?Last Updated on 2018-10-25T04:04:46+00:00