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Wipro plans to buyback shares worth ₹9,500 cr

Oct 13, 2020 16:35 IST

Wipro's board of directors on Tuesday approved a buyback proposal worth ₹9,500 crore. As per the exchange filing, Wipro plans to purchase 23.75 crore scrips at ₹400 per equity share. Its shares closed at ₹375 on Tuesday. The buyback price is at a 6.6% premium to today's closing price.