Wipro completes ₹15,000 crore buyback at ₹250 per share
after close1 source ↓written by the desknot a recommendation
- ₹250 per share
- totaling
- ₹15,000 cr
- of its paid-up
- 5.72%
Wipro has successfully completed its buyback of 60 million shares at ₹250 per share, totaling ₹15,000 cr. The buyback, representing 5.72% of its paid-up equity, was subscribed 13.74 times, indicating strong demand from shareholders. This move may enhance shareholder value and improve earnings per share in the near term.
Not investment advice. For informational purposes only.