eClerx Services to repurchase shares at 7% premium after revising buyback price higher

eClerx Services has raised the buyback price to ₹4,800 per share from ₹4,500 earlier. The revised buyback price is at a premium of 7% from Tuesday's closing levels.

Following this revision, the maximum number of equity shares to be repurchased has been reduced to 6,25,000 from 6,66,666 shares, representing up to 1.31% of the company's total paid up equity share capital.

Promoters will not participate in the buyback.

The record date to determine shareholder eligibility has been fixed as Wednesday, December 17. This implies that investors holding eClerx shares in their demat accounts as of Tuesday's closing will be eligible to tender their shares in the buyback.

A stock buyback refers to a company repurchasing its own shares from the market, which reduces the number of shares in circulation and increases the ownership stake of existing shareholders. Companies typically undertake buybacks to consolidate ownership, optimise capital structure and enhance shareholder value by improving earnings per share.

Shares of eClerx Services Ltd settled 3.66% lower on Tuesday at ₹4,480. The stock is up 29% so far in 2025.