eClerx Services will hold a meeting of the Board of Directors of the Company on 28 January 2021.

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Personiv is an Austin, Texas-headquartered business process management and services company focused in the outsourced accounting space.

Through this acquisition, eClerx adds over 2,000 team members and three delivery centers to its more than 8,500 employees and 14 locations worldwide—taking their combined headcount upwards of 11,000-strong.

Personiv, an outsourcing services provider with 35 years of experience and offices in the U.S., India, and the Philippines, adds a robust outsourced accounting solution to the company's digital, customer operations, and financial market offerings.

PD Mundhra, eClerx's co-founder and executive director stated, We have been impressed by Personiv's capabilities, which have reflected in the deep and meaningful client relationships that they have developed over the years. We feel that our two companies share a strong people and client-centric culture and are a good fit as partners.

Through this acquisition, we add new clients - many in the underserved small and medium-business sector - deepen service capabilities in digital and customer care, and add finance and accounting as a service. Personiv's locations across India and the Philippines provide additional delivery capabilities, and we add a very capable management team to the eClerx family.

eClerx looks forward to strengthening its unique delivery model and differentiated offerings with the acquisition of Personiv. The acquisition closed on 23 December 2020, and eClerx has funded the purchase with available cash on hand.

eClerx Services provides critical business operations services to global Fortune 500 clients. Its consoldiated net profit jumped 39% to Rs 60.99 crore on a 1.2% rise in net sales to Rs 360.79 crore in Q2 FY21 over Q2 FY20.

The scrip surged 4.28% to hit the day's high at Rs 905.40 in early trade today, which is a 52-week high for the counter.

On a year-to-date (YTD) basis, the stock has gained 53.66% while the benchmark S&P BSE Sensex has added 13.77% during the same period.

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eClerx Services announced its acquisition of Eclipse GlobalHoldings LLC, (Personiv), an Austin, Texas-headquartered business process management and services company focused in the outsourced accounting space.

Through this acquisition, eClerx, a global leader in business transformation, adds over 2,000 team members and three delivery centers to its more than 8,500 employees and 14 locations worldwide—taking their combined headcount upwards of 11,000-strong. Personiv, an outsourcing provider with 35 years of experience and offices in the U.S., India, and the Philippines, adds a robust outsourced accounting solution to the company's digital, customer operations, and financial market offerings. Personiv is a perfect fit to join eClerx as they continue to provide critical business operations services to global Fortune 2000 clients, including several of the world's leading companies.

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Balmer Lawrie & Company Ltd, Symphony Ltd, Century Plyboards (India) Ltd, Delta Corp Ltd are among the other stocks to see a surge in volumes on NSE today, 03 December 2020.

eClerx Services Ltd recorded volume of 4.31 lakh shares by 14:14 IST on NSE, a 8.47 times surge over two-week average daily volume of 50859 shares. The stock gained 4.93% to Rs.755.55. Volumes stood at 33755 shares in the last session.

Balmer Lawrie & Company Ltd saw volume of 59.91 lakh shares by 14:14 IST on NSE, a 8.15 fold spurt over two-week average daily volume of 7.35 lakh shares. The stock increased 7.00% to Rs.123.75. Volumes stood at 16.41 lakh shares in the last session.

Symphony Ltd recorded volume of 4.85 lakh shares by 14:14 IST on NSE, a 7.82 times surge over two-week average daily volume of 62052 shares. The stock gained 3.73% to Rs.853.90. Volumes stood at 1.26 lakh shares in the last session.

Century Plyboards (India) Ltd saw volume of 17.86 lakh shares by 14:14 IST on NSE, a 7.67 fold spurt over two-week average daily volume of 2.33 lakh shares. The stock increased 8.20% to Rs.225.70. Volumes stood at 2.01 lakh shares in the last session.

Delta Corp Ltd notched up volume of 168.14 lakh shares by 14:14 IST on NSE, a 7.24 fold spurt over two-week average daily volume of 23.21 lakh shares. The stock rose 12.58% to Rs.150.80. Volumes stood at 22.95 lakh shares in the last session.

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