Wipro’s INR 11000 crore share buyback to open from Nov 29

Wipro’s INR 11000 crore share buyback to open from Nov 29

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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.