Harshal Dasani
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Wipro Rs 15,000 crore buyback opens - what it means for retail investors
Wipro’s Rs 15,000 crore share buyback opened on Thursday, allowing eligible shareholders to tender shares at Rs 250 apiece, significantly above the prevailing market price of under Rs 180. The IT major plans to buy back up to 60 crore shares, or around 5.7% of its total paid-up equity capital. The offer window will remain open from June 10 to June 17, while June 5 has been fixed as the record date, meaning only shareholders holding the stock on that date are eligible.