Wipro announces ₹15,000 crore buyback at 23% premium
pre-market1 source ↓written by the desknot a recommendation
- share buyback
- ₹15,000 crore
- each
- ₹250
- over the last
- 23% premium
- closing price
- ₹203.11
- targeting
- 60 crore shares
Wipro has set June 5 as the record date for its ₹15,000 crore share buyback, offering shares at ₹250 each, a 23% premium over the last closing price of ₹203.11. This marks Wipro's first buyback in nearly three years, targeting 60 crore shares, or 5.7% of its total paid-up capital.
This corporate action may attract investor interest, as shareholders holding shares on the record date will be eligible to participate in the buyback.
Not investment advice. For informational purposes only.