eClerx Boosts Buyback Price to ₹4,800, Reduces Shares After Market Close

• eClerx Services Limited increased its share buyback price to ₹4,800 per share from ₹4,500.
• The number of shares to be bought back was reduced from 6,66,666 to 6,25,000.
• The total buyback amount remains ₹3,000 million (₹300 crore), adjusted for the higher price.
• This revised buyback will repurchase approximately 1.31% of the company's total paid-up equity share capital.
• The increase in buyback price is seen as a positive sign, reflecting company confidence and better shareholder returns.

Why It Matters: eClerx increased its buyback price, signaling confidence, while adjusting share count to maintain total value.