Wednesday, April 17, 2019

Wipro Buyback 2019 Record Date, Buyback Price & Details

Wipro Limited is a multinational corporation based in Bengaluru, Karnataka, India. They provides information technology, consulting and business process services. The company operates worldwide. They provide services like Digital strategy, Business consulting, IT services, IT consulting, Banking, Retail to industries like Personal care, Health care, Lighting, Furniture, Pharmaceuticals, Semiconductors, Natural resources and more. They posted $8.4 billion of revenue in 2018. They have over 160000 employees across the globe.

Wipro Buy Back 2019 Offer Details:

 Buyback Record Date:
 Board Meeting Approval:   16-Apr-2019
 Public Announcement:   16-Apr-2019
 Buyback Offer:   Rs.10500 Crore
 Buyback Offer Size:   5.35%
 Number of Shares:
  32.30 Crore
 Share Face Value:
 Buyback Price:   Rs.325
 Buyback Type:   Tender Offer

Wipro buyback of 32.30 crore equity shares which is around 5.35% of all the existing number of equity shares at a price of Rs.325 per equity share. The buyback offer not exceeding of Rs.10500 crore of total buyback offer size.

Wipro Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Wipro shares in their Demat account as record date 21-June-2019. Investors can participate in the Wipro Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Wipro buyback scheme.

Checkout Current Wipro Shares market price on NSE and BSE: Wipro Live Quote

Note: If anything you want to know about the buyback offer you can refer the Wipro buyback offer documents.