InvestorQ : What are the final details of the Wipro share buyback plan?
vaishnavi mhatre made post

What are the final details of the Wipro share buyback plan?

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vidhya Laxmi answered.
6 months ago
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Wipro shareholders approved the Rs.9500 crore share buyback plan. It may be recollected that while announcing its annual results, Wipro had approved a proposal to buy back up to 23.75 crore equity shares at Rs.400 per share aggregating to Rs.9,500 crore in total.

The special resolution was been passed by members through postal ballot by remote e-voting process. Voting started on October 18 and ended on November 16 and it saw 99.8% votes cast in favour of the buyback offer, with average voting ratio in excess of 99%.

In the previous year, Wipro had undertaken a buyback programme of 32.31 crore shares at Rs.325 per share amounting to Rs.10,500 crore. Prior to that, Wipro had consummated buybacks of Rs.11,000 crore in 2017 and Rs.2500 crore in 2016.

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