EXL Launches Accelerated Share Repurchase Program for $125M

Monday, 18 March 2024, 21:20

EXL has recently initiated an accelerated share repurchase program worth $125 million. The move involves utilizing a combination of available cash and credit facility borrowings to buy back shares, indicating the company's confidence in its financial position and potential for growth.

https://store.livarava.com/6779fa6c-e56e-11ee-9680-5254a2021b2b.jpe — EXL Launches Accelerated Share Repurchase Program for $125M

EXL's $125M Accelerated Share Repurchase Program Details

EXL has announced the initiation of an accelerated share repurchase program valued at $125 million. The effort to repurchase its own stock is a strategic move by EXL to enhance shareholder value and demonstrate confidence in the company's performance.

Funding Sources and Implications

Funding: The $125 million for the share repurchase will be sourced from available cash and credit facility borrowings.
Significance: This buyback illustrates EXL's belief in its financial stability and growth prospects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.