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Wipro gets shareholders’ nod for share buyback worth Rs 12,000 crore

06 Jun 2023 Evaluate

Wipro has received an approval from shareholders for a share buyback programme worth Rs 12,000 crore. Earlier, the Board of Wipro had approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares of the company for an aggregate amount not exceeding Rs 12,000 crore at a price of Rs 445 per equity share. Members of the promoter and promoter group of the company have indicated their intention to participate in the proposed buyback.

Wipro is a leading global information technology, consulting and business process services company.


Peers
Company Name CMP
TCS 2480.50
Infosys 1143.45
HCL Technologies 1411.50
Wipro 190.05
Tech Mahindra 1770.50
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