Notice No.   20200709-4   Notice Date   09 Jul 2020
Category   Company related   Segment   Equity
Subject   Buyback of the shares of eClerx Services Limited (Scrip code: 532927)


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:


Date of Opening of the Buyback on BOLT

Friday, July 10, 2020

Last Date for the Buyback

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.


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:


Name of the Member                  

Clearing No

Emkay Global Financial Services Limited



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


Contact Person: Deepak Yadav/Sagar Bhatia


  • At the Company:

Pratik Bhanushali

Company Secretary & Compliance Officer

Address: Sonalwala Building, 1st Floor,

29 Bank Street, Fort, Mumbai - 400 023

Tel: 66148422



·        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