Wipro Ltd.

Wipro has received approval from shareholders for up to Rs 9,500 crore share buyback plan. The company's board of directors had last month approved a buyback proposal for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. Resolution (special resolution seeking approval for buyback of equity shares) has been passed by members through postal ballot by remote e-voting process with requisite majority.

The voting, which started on October 18 and ended on November 16, saw 99.78 per cent of the votes being cast in favour of the buyback offer. There was 100 per cent voting in favour of the proposal by the promoters, 98.73 per cent by public institutional shareholders and 98.49 per cent by public non-institutional shareholders.

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