Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that eClerx Services Limited (the “Company”), has made Cash Offer to buy back of not exceeding 12,90,000 (Twelve Lakh Ninety Thousand) fully paid-up equity shares of face value of Rs 10/- (Rupees Ten Only) each (“Equity Shares”), constituting up to 3.24% of the issued, subscribed and paid-up equity share capital of the Company as on March 31, 2017 (“Buyback”). The Buyback will be undertaken on a proportionate basis, from the fully paid-up Equity Shareholder(s) / beneficial owner(s) of the Equity Shares of the Company as on February 5, 2018 (“Record Date”), by way of a Tender Offer for cash at a price of Rs 2,000/- (Rupees Two Thousand only) per Equity Share for an aggregate amount up to Rs 258 Crore (Rupees Two Hundred Fifty Eight Crore Only) (“Buyback Size”) excluding the Transaction Cost(s), from February 22, 2018 to March 08, 2018.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
February 16, 2018 |