Wipro Ltd.

BSE: 507685 | NSE: WIPRO
Large Cap | IT - Software
242.45
0.25 (0.10%)
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Wipro informs about company updates

Date: 16-02-2019

Wipro has informed that the Company had filed an application with Securities and Exchange Board of India (SEBI) in November 2018 seeking exemption/relaxation of provisions of Regulation 24(ii) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. SEBI passed an order in this regard dated February 15, 2019 and published the same on its website. The order is available on SEBI website at https://www.sebi.gov.in/enforcement/orders/feb-2019/order-in-the-matter-of-wipro-limited_42078.html and a copy of the same is enclosed. Wipro has an articulated payout policy and the Board of Directors evaluates the Company’s approach towards payouts to shareholders on an ongoing basis. Any decision on the proposal for buyback of shares will be taken by the Board of Directors at the appropriate time and will be intimated to the stock exchanges in accordance with the provisions of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.