Wipro Buyback: Consolidated Net Profit up by 38% YoY

AUM CAPITAL | April 23, 2019, 12:40 p.m.

Buyback Details:
Maximum number of fully paid up equity shares to be bought back – 32,30,76,923 shares. Percentage of buyback in the paid-up share capital of the Company – 5.35%. Buyback price per share – Rs. 325 for each fully paid equity share. Total buyback consideration – An aggregate consideration not exceeding Rs. 10,500 crore excluding transaction costs. Buyback Mechanism – The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the ‘tender offer’ route using the stock exchange mechanism in accordance with the provisions contained in the SEBI (Buy Back of Securities) Regulations, 2018 ("Buyback Regulations") and the Companies Act, 2013 and rules made thereunder. Recommendation - Participate.

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