Wipro Limited has announced the buyback of 32,30,76,923 equity shares from the shareholders at a price of Rs 325 per equity share. The record date for this buyback offer is 21st June 2019. Wipro Buyback 2019 offer starts on 14th August 2019 and it closes on 28th August 2019. The board meeting of the company was held on 16th April 2019. in which this buyback was approved by the board of directors. The last date for the extinguishment of equity shares is scheduled as 16th September 2019.
Wipro Limited was incorporated on December 29, 1945. It is a leading global information technology, consulting and business process services company. The Company has over 1,70,000 dedicated employees serving clients across six continents. The name of the Company was changed from Western India Vegetable Products Limited to Wipro Products Limited on June 7, 1977, and subsequently to Wipro Limited on April 28, 1984. The Equity Shares of the Company were listed in the year 1995 on the NSE and an application for listing of equity shares was filed with BSE in the year 1946-47. The ADRs of the Company were listed on NYSE in the year 2000.
Wipro Buyback 2019 – Offer Details
| Offer Type | Buyback of Fully Paid-up Equity Shares |
|---|---|
| Record Date | 21st June 2019 |
| Buyback Starts | 14th August 2019 |
| Buyback Ends | 28th August 2019 |
| Number of Shares | 32,30,76,923 Equity Shares |
| Face Value | Rs 2/- |
| Buyback Price | Rs 325 Per Equity Share |
| Maximum Buyback Size | Rs 10,500 crores |
| last Date for the Extinguishment of Equity Shares | 16th September 2019 |
| Broker of the Company | Choice Equity Broking Private Limited |
| Designated Stock Exchange | BSE |
| Letter of Offer | Click Here |
| Manager of the Buyback | JM Financial Limited |
| Registrar of the Buyback | Karvy Fintech Private Limited |
| Company’s Office | Doddakannelli, Sarjapur Road, Bengaluru-560035, India |
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Tags: #Buyback Offer #StockMarket #Wipro
