Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is coming up with another buyback of 9500 crore announced on 13 October 2020. 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 have over 160000 employees across the globe.
Wipro Buyback 2020 Offer Details:
| Buyback Record Date: | 12 December 2020 |
| Board Meeting Approval: | 13 October 2020 |
| Public Announcement: | 13 October 2020 |
| Buyback Offer: | ₹9500 Crores |
| Buyback Offer Size: | 4.16% |
| Number of Shares: | 23,75,00,00 Shares |
| Share Face Value: | ₹2 per share |
| Buyback Price: | ₹400 per Share |
| Buyback Type: | Tender Offer |
Wipro buyback of 23.75 crore equity shares which is around 4.16% of all the existing number of equity shares at a price of ₹400 per equity share. The buyback offer not exceeding of ₹9500 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 is 12 December 2020. Investors can participate in the Wipro Buyback 2020 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
Wipro Buyback 2020 FAQs:
When is Wipro Buyback Record Date?
Wipro buyback 2020 record date is 12 December 2020.
When is Wipro Buyback announcement Date?
Wipro buyback 2020 announcement date is 13 October 2020.
What is Wipro Buyback Price?
The company has fixed the price at ₹400
How to apply for Wipro Buyback 2020?
As per the record date you need to have Wipro shares in your demat account. You can participate in buyback after having the stock in your account.
Note: If anything you want to know about the buyback offer you can refer the Wipro buyback offer documents.
