Wipro Buyback 2020 Record Date, Buyback Price & Details

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:

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