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Wipro Share Price Gains After Completing Rs 9,500-crore Buyback moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Wipro completes Rs 9,500-crore buyback programme
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Last Updated: Jan 17, 2021, 11:21 AM IST
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The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said.
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NEW DELHI: IT services major Wipro on Saturday said it has completed its Rs 9,500-crore share buyback programme.
The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said. (A total of) 23.75 crore equity shares were bought back under the buyback at a price of Rs 400 per equity share.The total amount utilized in the buyback is Rs 9,500 crore, it added.
Post completion of buyback, the promoters hold 73.04 per cent stake in the company, while the remaining 26.96 per cent stake is held by foreign investors, financial institutions and others