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.

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