1. Trading Members are hereby informed that eClerx Services Limited (Scrip code: 532927) has announced buyback of its fully paid-up equity shares of face value of Rs. 10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 550/- (Rupees Five Hundred & Fifty Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 1,095 Million (Indian Rupees One Thousand & Ninety-Five Millions only).
2. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Friday, July 10, 2020
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Last Date for the Buyback
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Earlier of:
a) Friday, January 08, 2021 (i.e. within 6 months from the date of the opening of the Buy Back;
b) after the company has deployed an amount close to or equivalent to the Maximum Buy Back Size;
after giving appropriate intimation for such cloure & on completing all formalities in this regards, in accordance with the Act and/or the Buy Back Regulations however, that all payment obligations relating to the Buy Back shall be completed before the last date for the Buy Back.
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3. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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Emkay Global Financial Services Limited
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185
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4. Details of Shares held in DEMAT Form.
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
Scrip Code No. : 532927
Market Lot : 1 Share
Scrip ID on BOLT System : ECLERX*
5. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
6. Institutional Investors are allowed to participate in the buyback.
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
- Merchant Banker to the Buyback:
Emkay Global Financial Services Limited
The Ruby, 7th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai - 400 028
Tel: 66121212
Email: eclerx.buyback@emkayglobal.com
Contact Person: Deepak Yadav/Sagar Bhatia
Pratik Bhanushali
Company Secretary & Compliance Officer
Address: Sonalwala Building, 1st Floor,
29 Bank Street, Fort, Mumbai - 400 023
Tel: 66148422
Email: pratik.bhanushali@eclerx.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-2272-8704/8468 (For Clearing & Settlement)
Trading Department -
Trading Operations - Extn: 022-2272- 8376 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Senior Manager
July 9, 2020 |