Wipro to consider share buyback on April 27, see details here | Jagran Business- Watch Video

Along with the release of its March quarter report card, Bengaluru-based IT giant Wipro announced that it will consider a share buyback proposal on April 27. 

In a regulatory filing, Wipro stated that its board of directors will meet over the weekend of April 26–27, 2023, and examine a proposal to repurchase equity shares of the firm in addition to other matters.  "The outcome of the Board meeting will be communicated to the stock exchanges soon after the conclusion of the Board meeting on April 27, 2023," Wipro said. 

 

The company's quarterly results, which are also slated to be revealed on April 27 along with the announcement of the share buyback, will be announced concurrently.The last share repurchase by Wipro took place in FY21 when businesses connected to Azim Premji offered 22.89 crore shares for around Rs 9,156 crore between December 29, 2020 and January 11, 2021. At a cost of Rs 400 for each equity share, shares were bought back.