Wipro stated that it will open INR 11,000 crore share buyback scheme on November 29 for Rs. 320 a unit.
The buyback will close on December 13, 2017.
The company has announced to buyback over 34.37 crore fully paid-up equity shares of face value Rs 2 each of the firm.
The buyback is being managed by JM Financial Institutional Securities.
The Equity Shareholders of the Company approved the Buyback, by way of a special resolution, through postal ballot (including e-voting) pursuant to the Postal Ballot Notice, the results of which were announced on August 30, 2017.
Apart from Wipro, TCS has completed a Rs 16,000 crore buyback programme earlier this year.