Wipro to give Rs 9,500 crore buyback at Rs 400/share

This will make Wipro the second top Indian IT services company, after TCS, to announce a repurchase this month, as the sector sees a sustained rebound in global tech. Wipro forecast that it would grow between 1.5% & 3.5% in the third quarter of this financial year. Wipro will buy 4.16% of the total paid up equity shares or 237.5 million shares at ₹400 per share, an increase of 6.5% over the Tuesday’s closing price of ₹375.75 on the Bombay Stock Exchange.

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s