Wipro Limited Buyback Guidance & Details

    wipro limited buyback details & review

    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
    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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