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HomeCorporate ActionWipro Buyback 2020 Review - Record Date, Price, and Details

Wipro Buyback 2020 Review – Record Date, Price, and Details

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 Date11th December 2020
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

Operating Profit10,29910,79611,32110,38711,61312,342
OPM %22%21%20%19%20%20%
Other Income2,4502,7522,6232,5502,6142,728
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 announced 11th December 2020 as the Record Date.

Abhishek Voherahttps://www.abovestocks.com/
Abhishek is the founder of Above Stocks. He manages the News section of our site. Having learned the art of Stock Trading, he is always keen to know the latest updates in the Indian Stock Market and put it down in our news section.


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