• Wed. Feb 28th, 2024

12,000 Crores Buyback This Company Gets Shareholder Approval!

12,000 Crores Buyback This Company Gets Shareholder Approval!

The company is the fourth largest Indian player in the international IT services sector after TCS, Infosys and HCL Technologies.

Shareholders have approved Wipro’s share buyback of a total of Rs 12,000 crore. The board had earlier approved a proposal to buy back 26,96,62,921 equity shares or 4.91 per cent of the company’s total paid-up equity shares at Rs 445 per equity for a total of Rs 12,000 crore. Share it. The promoter of the company and members of the promoter group have given indications of participation in the proposed buyback.

The scrip today opened at Rs 404 and touched a high and low of Rs 404 and Rs 395.70 respectively. The 52-week high was Rs.476.20 and the 52-week low was Rs.351.85. The current market cap of the company is Rs 2,19,498.79 crore. Promoters hold 72.92 percent while institutional and non-institutional holdings are 14.39 percent and 12.69 percent respectively.

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Wipro Limited is a leading provider of business process services, consulting and information technology worldwide. The company helps customers succeed in the digital world by leveraging the power of cognitive computing, hyper-automation, robots, cloud, analytics and emerging technologies. A company recognized globally for its comprehensive portfolio of services and strong commitment to sustainability and good corporate citizenship.

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