Eclerx Services fixes Sept 30 as record date for Rs303cr buyback; Stock hits 5% upper circuit

According to the regulatory filing, the buyback offer has a floor price of Rs 2,850 per equity share aggregating to Rs303cr.

Sep 17, 2021 03:09 IST India Infoline News Service

Eclerx Services board of directors on Friday fixed September 30 as the record date for the buyback programme. The company's stock has hit the upper circuit limit on Dalal Street.

At around 3.23 pm, Eclerx was trading at Rs2430 per piece up Rs105.75 or 4.6% on Sensex. The stock has hit an upper circuit of Rs2440 per piece up 5%.

According to the regulatory filing, the buyback offer has a floor price of Rs 2,850 per equity share aggregating to Rs303cr.

The total number of shares that will be bought back is 1,063,157 shares representing 3.05 % of the total number of equity shares in the total paid-up equity share capital of the Company. 

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