Wipro announces ₹15,000 crore share buyback at 23% premium
after close1 source ↓written by the desknot a recommendation
- share buyback
- ₹15,000 crore
- priced
- ₹250 per share
- 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, priced at ₹250 per share, a 23% premium over the last closing price of ₹203.11. This marks Wipro's first buyback in nearly three years, targeting up to 60 crore shares, or 5.7% of its paid-up capital.
This corporate action may attract investors looking to capitalize on the premium price before the record date.
Not investment advice. For informational purposes only.