eClerx Services has fixed October 28 as the record date for ascertaining entitlement for buyback of equity shares. The company said the board of directors at its meeting on October 14 determined the final buyback price of ₹2,000 a share and the total buyback amount at ₹234 crore. The total number of shares to be bought back is set at 11.70 lakh equity shares, representing about 2.87 per cent of the total issued and paid-up equity capital of the company as on March 31, 2016. The company will buy back shares on proportionate basis from existing shareholders through the tender offer route. Shares of eClerx gained 1.7 per cent at ₹1,542.6 on the NSE.

The board of Balaji Amines will meet on October 24 to consider and evaluate a proposal of amalgamation of its subsidiaries with the holding company. It will also consider and take on record the unaudited financial results for the quarter and half year ended September 30, 2016. Balaji Amines manufactures methylamines, ethylamines, derivatives of specialty chemicals and natural products. It also has facilities for manufacture of derivatives, which are downstream products for various pharma/pesticide companies apart from user-specific requirements. Shares of Balaji Amines jumped 5.77 per cent at ₹326.4 on the NSE.

The board of Lakshmi Vilas Bank has approved the issuance of up to ₹4.25 crore shares to qualified institutional buyers. The board authorised the capital-raising committee to determine the terms and timing of the issue, the bank said in an exchange filing on Monday. The board also allowed the management to evaluate suitable options to raise tier-I capital by issuing equity shares not exceeding 35 per cent of the existing paid-up capital of the bank, including the proposed QIP. Shares of Lakshmi Vilas Bank ended at ₹151.25 on the NSE, down 0.5 per cent from the previous day’s close.

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