Wipro Buyback of ₹12,000 crores approved by the board of directors at the meeting was held on April 27, 2023. Wipro Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹445 per Equity Share and for an aggregate amount not exceeding ₹12,000 crores from the shareholders. Check out Wipro Buyback 2023 details below:
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.
Wipro Buyback History
Wipro Buyback 2023 Dates
|Buyback Meeting Date:||April 27, 2023|
|Buyback Announcement Date:||April 27, 2023|
|Buyback Record Date:||June 16, 2023|
|Last Date to Buy Shares:||June 14, 2023|
|Buyback Open Date:||2023|
|Buyback Close Date:||2023|
|Finalization of Buyback Acceptance:||2023|
Wipro Buyback 2023 Offer Details
Wipro buyback of 26,96,62,921 equity shares at a price of ₹445 per equity share. The buyback offers not to exceed ₹12,000 crores of the total buyback offer size.
|Offer Amount:||₹12,000 Crores|
|Number of Shares:||26,96,62,921 Equity Shares|
|Face Value:||₹2 per equity share|
|Buyback Price:||₹445 per equity share|
|Buyback Type:||Tender Offer|
|Letter of Offer:||Click Here|
Wipro Buyback 2023 Acceptance Ratio
The investor should buy around 449 shares at a current market price of ₹375 (as of April 27, 2023). The calculation will be ₹2,00,000 / ₹445 buyback price = 449 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Wipro Financial Report
|₹ in Crores|
How to Participate in Wipro Buyback 2023
The investors are eligible for the buyback scheme who have Wipro shares in their Demat account as on the To be updated soon. Eligible Share Holders can participate in the Wipro Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Wiproepted shares by the company under the Wipro buyback scheme.
Wipro Buyback 2023 Registrar
Selenium Tower B, Plot No. 31-32,
Gachibowli, Financial District,
Nanakramguda, Seri, Hyderabad – 500032,
Tel: 040-67161500, 67162222, 33211000
Email: [email protected]
Wipro Buyback 2023 Lead Managers
- To be updated soon
Wipro Company Address
Doddakannelli, Sarjapur Road,,
Bengaluru, Karnataka – 560035
Email: [email protected]
How to Apply the Wipro Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Wipro”. Click on Place Order. Enter your Quantity and submit Wipro Buyback Application Form.
How to Apply the Wipro Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Wiproount Section. You will see the Company Name “Wipro”. Click on Wipro Stock for Buyback. Enter your Quantity and submit Wipro Buyback Application Form.
How to Apply the Wipro Buyback through Wipro Money?
Log in to Wipro Money Application with your credentials. Select the Wipro. Enter your Quantity and submit Wipro Buyback Application Form.