EXLS enters $125M accelerated share repurchase; director Sahney to step down

ExlService Holdings, Inc.

Entered $125M accelerated share repurchase with Morgan Stanley under $500M board authorization.
Received initial 3,346,720 shares (~$100M based on March 16 close); final settlement by Q2 2026.
Director Nitin Sahney will not stand for re-election at 2026 annual meeting; no disagreement cited.
Transaction funded with cash on hand and existing credit facility.
Repurchase expected to reduce diluted share count; price based on VWAP less discount.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ExlService Holdings, Inc. entered into ASR Agreement with Morgan Stanley & Co. LLC valued at $125 million (effective 2026-03-16).

Action: entry
Agreement: equity purchase
Counterparty: Morgan Stanley & Co. LLC
Value: $125 million
Effective: 2026-03-16

Exact text from the filing

On March 16, 2026, ExlService Holdings, Inc. (the “ Company ”) entered into a fixed dollar accelerated share repurchase transaction (the “ ASR Transaction ”) pursuant to a confirmation (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $125 million of shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”).

View on SEC.gov

310 material agreements filed in the last 30 days. Browse all material agreements →

ExlService Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-030831

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.