eClerx Services has announced a share buyback worth up to Rs 300 crore. The company will repurchase up to 6.66 lakh fully paid-up equity shares of face value Rs 10 at a price of Rs 4,500 per share.
The buyback, which will be carried out through the tender offer route, represents 21.08% of the company’s total paid-up equity capital and free reserves on a standalone basis and 13.80% on a consolidated basis as of March 31.
15% reserved for small investors
The company informed exchanges that promoters and members of the promoter group will not participate in the buyback. This means the offer will primarily benefit public shareholders.
As per SEBI rules, 15% of the total number of shares to be bought back will be reserved for small shareholders. The buyback will be conducted on a proportionate basis, with the record date to be announced later.
Shareholders’ approval and process details awaited
The buyback proposal is subject to shareholders’ approval through a special resolution via postal ballot and remote e-voting. eClerx said it will soon communicate the detailed process, timelines, and record date.
Emkay Global Financial Services has been appointed as the manager to the buyback, while Savita Jyoti Associates will act as the scrutinizer for the voting process. The board has also formed a buyback committee to oversee the process.
Shareholding before buyback
As of October 17, 2025, promoters held 53.81% of eClerx’s total shareholding, while the public held 44.69%. The ESOP trust accounted for 1.5% of the company’s shares.
