ExlService announces five-for-one forward stock split

ExlService announced that it will implement a five-for-one forward stock split of its common stock, with trading on a post-split basis expected to begin on Aug. 2, 2023. “The decision to split our shares on a five-for-one basis demonstrates confidence in our ability to continue to grow the company and generate long-term stockholder value,” said Rohit Kapoor, vice chairman and chief executive officer. “This split brings several benefits, including increased liquidity, improved transparency and lower trading costs for our stockholders. Additionally, the lower post-split share price enhances accessibility for our employees to participate in the company’s employee stock ownership program.”