EXL Launches $125M Accelerated Share Repurchase and Confirms EMEA AI Event
EXL launched a $125M accelerated share repurchase under its $500M buyback authorization, funding the ASR with cash or credit; final shares repurchased will be based on VWAP less discount. EXL unveiled its AI in Action EMEA event on March 18 featuring CEO Rohit Kapoor and ex-Tesla president Jon McNeill.
1. Accelerated Share Repurchase Program
EXL has entered into a $125 million accelerated share repurchase agreement with Morgan Stanley under its recently authorized $500 million common stock buyback program. The company will fund the ASR with available cash on hand or borrowing under its credit facility, and the ultimate share count will be based on the average daily VWAP during the ASR term less a contractual discount and adjustments.
2. AI in Action EMEA Event
EXL will host its AI in Action EMEA virtual event on March 18, featuring CEO Rohit Kapoor, former Tesla president Jon McNeill and other senior EXL leaders. The session lineup will cover accelerating AI adoption from pilot to core workflows, responsible AI governance and practical case studies for enterprise-scale deployments.