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.
