The decision to change the closing date is in view of the shift in the working day from Thursday, June 29 to Wednesday, June 28, the company said in its filing to the exchanges.
Wipro has extended the closing date for its ₹12,000 crore buyback offer to June 30 from June 29 following a shift in public holiday on the occasion of Bakra Eid.
Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday s opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.
Wipro's Share Buyback Open: The total cash consideration for the buyback is Rs 12,000 crore. Wipro has set June 16 as the record date for the buybackKey Things to Know Before You Tender Shares When Wipro buyback will start? Latest Updates at news18.com