WIPRO Buyback: Wipro will do the biggest buyback ever | Jagran Business

Wipro Share Buyback, the leading company of IT services, is going to do the biggest buyback of its shares. For which the company has fixed a record date of 16 June. The company is going to buy back shares worth Rs 12,000 crore from its own shareholders. 4.91 percent of the total shares of the company will be bought at the rate of Rs.445. In which 26.96 crore shares will be included. According to the current market price, Wipro is going to buy the shares by paying 10 percent more money.

What is the benefit for Wipro Shareholders? 

If you also have Wipro shares, can you benefit from this buyback? Will selling Wipro shares be beneficial for you too? Ever since the company has announced the buyback, there has been a jump of 8 per cent in the shares. When the announcement was made, the share price was Rs 374, which has now reached almost Rs 400. At the same time, the company has kept the buyback price at Rs 445. Means those who have Wipro shares have chances of getting huge profits.