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0.00162127107652402 0.00162127107652402 0.00162127107652402 -0.0201037613488975 -0.0201037613488975 -0.0201037613488975 -0.0201037613488975 -0.0201037613488975
Stock impact report

EXL announces $125 million accelerated share repurchase program

ExlService Holdings, Inc. (EXLS) 
Last exlservice holdings, inc. earnings: 2/27 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.exlservice.com
Company Research Source: GlobeNewswire
NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, today announced that, as part of its capital allocation program, it has entered into an accelerated share repurchase agreement (the “ASR”) with Citibank, N.A. to repurchase $125 million of the company’s common stock. “Embracing a differentiated data- and AI-led strategy has empowered EXL to provide a richer value proposition for our clients, enhancing operational efficiencies, improving customer service and delivering value at an accelerated pace,” said Rohit Kapoor, vice chairman and chief executive officer of EXL. “The ASR reflects our steadfast dedication to maximizing stockholder value while driving innovation and growth.” Under the ASR, the company will pay an aggregate amount of $125 million to Citibank for an initial number of shares of the company’s common stock at the beginning of the transaction. The company plans to fund the repurchase Show less Read more
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