Eclerx Services Ltd Buyback
Share buyback offer — complete details, record date and status
Offer Price
₹3,000
Record Date
12 Sep 2024
Exchange
BSE,NSE
Type
Tender Offer
Buyback Size
₹245 Cr
Status
closed
About this Buyback
Eclerx Services Ltd has announced a share buyback offer via the tender offer route on BSE,NSE. Shareholders holding shares as of the record date 12 Sep 2024 are eligible to participate at an offer price of ₹3,000 per share. A buyback typically reduces the company's outstanding share count and can be price-supportive for the residual shareholding.
Frequently Asked Questions
What is the Eclerx Services Ltd buyback offer price?
The offer price is ₹3,000 per equity share.
When is the buyback record date?
The record date is 12 Sep 2024. Investors holding shares in their demat account at the end of the record date are eligible to participate.
What is a tender offer buyback?
In a tender offer, the company invites existing shareholders to tender (offer) their shares back to the company at a fixed price. The company then accepts shares on a proportionate basis, typically resulting in a partial acceptance for retail shareholders.
Is it mandatory to participate in a buyback?
No. Buyback participation is voluntary. Shareholders who choose not to tender their shares simply continue to hold their existing shares.
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Disclaimer: This information is for educational purposes only and is not investment advice. Verify all details with the company's official buyback offer document before participating.