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IT company Wipro to buyback shares of 9500 crores, offer opening from December 29
IT company Wipro to buyback shares of 9500 crores, offer opening from December 29 IT services giant Wipro today said that on December 22, will buyback shares from December 29 to January 11, 2021, next year. This buyback will be 955 crore
Published
3 years ago on
December 23, 2020 IT services giant Wipro today said that on December 22, it will buyback shares from December 29 to January 11, 2021, next year. wipro buyback shares will be Rs 955 crore. Only last month, the company’s shareholders approved the buyback plan of Wipro. Under this program, the company will buy 23.75 crore equity shares at the rate of Rs 400 per share, whose total value will be around 9500 crores. The company has kept a record date of 11 December 2021 to be eligible under this buyback plan. The company has given this information in the regulatory filing. According to the filing, the buyback will open on December 29, 2021, and will close on January 11 next year. The last settlement of bids on the stock exchange will take place on or before January 20.
Also Read: Cricket ball hit on the head and the pitch of life changed, today the owner of $ 16 billion
TCS has brought a share buyback plan Share buyback was also announced by Tata Consultancy Services (TCS), the largest competitor company of IT company Wipro. TCS is doing share buyback at the rate of Rs 3 thousand per equity share. Its value is about 16 thousand crore rupees. Under this offer of the company, share buyback can be taken from December 18. This offer for investors will close on January 1 next year.
Also Read: JIO is going to launch the cheapest 4G smartphone in association with VIVO, and the RS 4500’s bang benefits are available.
Wipro did share buyback last year too Wipro also had a share buyback in 2019. At that time, the IT company had bought back 32.31 crore shares at the rate of Rs 325 per equity share. Under this program, Wipro had bought back shares worth about Rs 10,500 crore. Prior to that, in 2017, Wipro had a shareback of Rs 11 thousand crore and in 2016, it bought a share of Rs 2500 crore.
Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.
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