Wipro approves up to Rs 9,500-cr buyback plan
New Delhi, October 13
IT services major Wipro on Tuesday announced an up to Rs 9,500-crore buyback plan at Rs 400 per equity share.
The announcement comes a week after its rival TCS announced a mega Rs 16,000-crore buyback plan at Rs 3,000 per equity share.
In a filing, Wipro said its Board has approved a buyback proposal for purchase of up to 23.75 crore equity shares at Rs 400 per share and aggregates to an amount of up to Rs 9,500 crore. — PTI
Q2 profit dips 3.4%
Wipro on Tuesday posted a 3.4% decline in consolidated net profit to Rs2,465.7 crore for the quarter ended September 30.
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