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.