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eClerx Services slips 7% on turning ex-date for buyback via tender offer

The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route

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SI Reporter Mumbai
Shares of eCierx Services slipped 7 per cent to Rs 1,273 on the BSE in Monday’s firm intra-day market. The company has proposed to buy back equity shares at a price of Rs 1,750 apiece via tender offer route.

The stock of the business process outsourcing (BPO)/ knowledge process outsourcing (KPO) company had hit a 52-week low of Rs 1,223.95 on June 17. At 02:12 PM; eClerx Services was trading 4 per cent lower at Rs 1,313.95 as compared to a 1.2 per cent rise in the S&P BSE Sensex.

On December 15, the buyback committee of the