Wipro to buyback 23.75 crore shares worth Rs 9500 crore

Wipro has set 11th of December as the date until which they will decide which shareholders are eligible to participate in the buyback of the company’s shares. The IT company plans on purchasing 23.75 crore shares for Rs. 400 per share with an aggregate amount not more than 9,500 crore. The 23.75 crore shares represent around 4.16% of the total paid up equity shares capital of Wipro. Wipro’s net profit has increased by 3.15% making it Rs. 2,465 crore.

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