June 6, 2023
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Wipro Limited Buyback Guidance & Details
About Wipro Limited:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs.
It leveraged its holistic portfolio of capabilities in consulting, design, engineering, operations, and emerging technologies to help clients realize their boldest ambitions and build future-ready, sustainable businesses.
A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 250,000 dedicated employees serving Over 1400 active clients across 66 countries.
We deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
For more information, visit company website : https://www.wipro.com/
Necessity of the Wipro Limited Buyback
The buyback is a capital allocation decision taken by the company.
1. The Buyback will help the company to distribute a part of surplus cash to its shareholders holding Equity shares thereby optimising returns to the shareholders and enhancing the overall shareholders’ value in longer term and improving the return on Equity.
Wipro Limited Buyback Detail
| Issue Period | |
| Security Name | Wipro Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 26,96,62,921.00 |
| Issue Size (Amount) | Rs 12,000.00 Crores |
| Buyback Price | Rs 445 per share |
| Face Value | |
| Listing At | BSE, NSE |
Wipro Limited Buyback Issue Timetable
| Last Date to buy shares | Jun 15, 2023 |
| Record Date | Jun 16, 2023 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlement of bids | |
| Last Date for Extinguishment of Shares |
Wipro Ltd Financial Snapshot (Restated, Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-21 | 82,732.20 | 62,242.50 | 10,794.60 | 55,459.30 | 10,451.40 |
| 31-Mar-22 | 1,07,505.40 | 79,528.90 | 12,219.10 | 65,867.30 | 17,592.90 |
| 31-Mar-23 | 1,17,582.20 | 282.2 | 37.6 | ||
| Amount in Rs Crore | |||||
Registered Office of Wipro Limited
Wipro Limited
Doddakannelli,
Sarjapur Road
Bengaluru – 560 035
Manager to the Wipro Limited Buyback
–
Wipro Limited Buyback Registrar
–
Company Secretary & Compliance Officer : –
Wipro Limited Buyback particulars & review
by Paresh Gordhandas , Research Analyst
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