Wipro announces June 5 record date for biggest share buyback programme of Rs 15,000 crore

IT major Wipro on Friday announced June 5 as the record date for determining the eligible shareholders for its buyback program. According to a release on the NSE, the company’s Board of Directors and shareholders have approved the Rs 15,000 crore share buyback, with the company proposing to buyback up to Rs 60 crore equity shares with a face value of Rs 2 at Rs 250 for each share.

This is the largest buyback programme announced by the firm and the first in a span of three years.