Wipro announces Rs 15,000-crore share buyback, first in nearly three years
The board of directors of IT services major Wipro on Thursday approved a ₹15,000-crore share buyback programme, proposing to repurchase 5.7 per cent of its equity, or up to 60 crore shares, from shareholders at ₹250 per share.
The buyback price implies a premium of 19 per cent over Thursday’s closing price of ₹210.15 per share on the NSE. This marks the Bangalore-based company’s first buyback announcement in nearly three years.
