Wipro Limited (BSE: 507685, NSE: WIPRO) is a major global information technology, consulting, and business process services company that was founded in India. The board of IT services company Wipro today approved a buyback proposal worth ₹9,500 crores. Recently TCS has also announced its share buyback worth Rs. 16,000 Crores

Wipro plans to purchase of 23.75 crore shares at ₹400 per equity share for an aggregate amount not exceeding ₹9,500 crores. Wipro had last year announced a share buyback of up to 33.3 crore shares at ₹325 per share, aggregating ₹10,500 crores, and comprising 3.69% of its total paid-up equity capital.  

Wipro Buyback 2020 Details & Review

Wipro Buyback Record DateTo Be Announced
Buyback TypeTender offer
Buyback Offer Amount:₹ 9500 Crores
Date of Board Meeting ApprovalOct 13 2020
Date of Public AnnouncementOct 13 2020
Buyback Offer Size4.16%
Buyback Number of Shares23,75,00,000
Price TypeTender Offer
Face Value2
Buyback Price₹ 400 Per Equity Share

Wipro Financial Report

Particulars(Cr)Mar-15Mar-16Mar-17Mar-18Mar-19Mar-20
Sales46,95151,24455,44854,48759,01961,138
Expenses36,65240,44844,12844,10047,40648,795
Operating Profit10,29910,79611,32110,38711,61312,342
OPM %22%21%20%19%20%20%
Other Income2,4502,7522,6232,5502,6142,728
Interest350558594583738733
Depreciation1,1751,4962,3102,1121,9472,086
Profit before tax11,22411,49411,03910,24211,54212,252
Tax %22%22%23%22%22%20%
Net Profit8,6618,9088,4938,0039,0049,722
EPS in Rs12.2613.5213.113.2714.9217.02
Dividend Payout %34%17%6%6%7%6%
Source: Screener.in

Wipro Buyback FAQs

What is Wipro Buyback Price?

The company has fixed the Wipro Buyback price at ₹400.

What is the Wipro Buyback 2020 Record Date?

The company has not announced the Record Date as of now.