I hope you enjoy reading this article.
If you want my team to cover your story, write us at [email protected]

VARSHA SHARMA, Founder


Wipro’s board of directors approved a buyback proposal of Rs 9,500 crore

  • Home
  • /
  • Blog
  • /
  • Corporate
  • /
  • Wipro’s board of directors approved a buyback proposal of Rs 9,500 crore

IT services major Wipro approved a buyback proposal of up to 23.75 crore equity shares for purchase at Rs 400 per share totaling an amount to Rs 9,500 crore. This special buyback approval for purchasing equity shares has been passed by the remote e-voting process with the essential majority and 99.78% of the votes went in the favor of buyback offer. There was 100% voting by promoters in favor of the proposal, 98.73% by public institutional holders, and 98.49% by public non-institutional holders.

image_pdfimage_print

November 18

0 comments

This was a fun article to read, I hope you enjoyed it.

Subscribe to the Newsletter! Get the latest Business Articles delivered straight to your inbox


Tags

short-news


You may also like