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The Economic Times
The Economic Times
Debaroti Adhikary

Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?

Wipro Harshal Dasani Sunny Agrawal NSE SBI Securities

IT major Wipro's much-awaited share buyback worth Rs 15,000 crore opens on Thursday, with analysts commenting on why retail investors should consider participating and how much profit they can make.

The share buyback is priced at Rs 250 per share, implying a 38% premium over Wipro’s previous closing price of nearly Rs 181.67 apiece on NSE, and will be open from June 10 to June 17. The company plans to buy back up to 60 crore shares, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore.

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