Wipro approves up to Rs 9,500-cr buyback plan

Tribune Web Desk

Updated At : 12:36 PM Oct 14, 2020 IST

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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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