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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