Wipro shareholders approve director appointments and ₹150 billion buyback
pre-market1 source ↓written by the desknot a recommendation
- ₹150 billion buyback
- of total equity
- 5.72%
Wipro Limited's shareholders approved key resolutions, including the reappointment of Ms. Tulsi Naidu as an independent director for a five-year term starting July 2026. They also appointed Ms. Laura Marie Miller for a similar term beginning April 2026. Additionally, a ₹150 billion buyback of up to 600 million shares at ₹250 each was authorized, representing 5.72% of total equity. 📈
This buyback may enhance shareholder value and signal confidence in the company's future performance, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.