Wipro’s biggest buyback in 3 years: Check record date, eligibility & 3 ‘must know’ details
IT bellwether Wipro has fixed June 5 as the record date for its largest buyback programme in three years. So, if you don’t want to miss any details of the buyback, here’s all you need to know:
#1 What is the buyback size?
The IT major, in its exchange filing, said that the board of directors has approved a buyback tender offer aggregating to Rs 15,000 crore. The company will repurchase 60 crore equity shares at a premium price of Rs 250 each, with a face value of Rs 2 apiece.
