The board of eClerx Services on Monday approved buyback equity shares worth ₹109.50 crore at a maximum price of ₹550 through open market purchases.
Shares would be bought back from the public except promoters, promoter group and persons in control of the company. At the indicative price, the maximum number of equity shares bought back would be 19.90 lakh shares. Emkay Global Financial Services has been appointed as the manager to buy back issue.
Shares of eClerx closed marginally down at ₹475.55 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.