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 Date||11th December 2020|
|Buyback Type||Tender offer|
|Buyback Offer Amount:||₹ 9500 Crores|
|Date of Board Meeting Approval||Oct 13 2020|
|Date of Public Announcement||Oct 13 2020|
|Buyback Offer Size||4.16%|
|Buyback Number of Shares||23,75,00,000|
|Price Type||Tender Offer|
|Buyback Price||₹ 400 Per Equity Share|
Wipro Financial Report
|Profit before tax||11,224||11,494||11,039||10,242||11,542||12,252|
|EPS in Rs||12.26||13.52||13.1||13.27||14.92||17.02|
|Dividend Payout %||34%||17%||6%||6%||7%||6%|
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 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.