MUMBAI: The Rs10,500 crore share buyback process of the infotech major Wipro opens for subscription Wednesday. Wipro has announced its plans to buy back up to 32.30 crore shares, representing 5.35 per cent of its total paid-up equity capital, at ₹325 a-piece.
The leading IT company led by Azim Premji has fixed June 21 as the record date to qualify eligible shareholders to participate in the share buyback, which would be through the tender route on proportionate basis. The buyback offer remains open for two weeks and will close on August 28.
