Wipro’s Exciting Buyback Announcement in 2023
Hello there! We have some fantastic news for all the investors out there. Wipro has recently announced its buyback plan on April 27, 2023. While the exact date for the Wipro buyback to open is yet to be announced, we’re eagerly waiting for it to be disclosed soon.
To participate in this exciting buyback opportunity, you need to be aware of an important date. The Wipro buyback record date is set for June 16, 2023. So, make sure you purchase Wipro shares before this date to become eligible for the buyback offer.
Wipro Buyback 2023 Lead Managers
The board of directors at Wipro has given the green light for a massive buyback worth ₹12,000 crores. This decision was made during their meeting on April 27, 2023. The buyback process will be carried out using the Tender Offer route through the stock exchange mechanism.
Wipro plans to repurchase its fully paid-up equity shares, each with a face value of ₹2. These shares will be bought back at a price of ₹445 per Equity Share. The company aims to buy back shares worth a total amount not exceeding ₹12,000 crores from the shareholders.
Exciting, isn’t it? This buyback presents a fantastic opportunity for investors to participate in Wipro’s growth story. If you’re curious about all the nitty-gritty details of the Wipro Buyback 2023, keep reading below:
- Buyback Open Date: To be announced soon.
- Buyback Record Date: June 16, 2023.
- Buyback Price: ₹445 per Equity Share.
- Total Buyback Amount: Up to ₹12,000 crores.
This is certainly an exciting development for all the Wipro shareholders. We’ll keep you updated as more information about the buyback becomes available. Stay tuned to make the most of this wonderful investment opportunity.
If you have any queries or need further information, feel free to reach out to us. Happy investing!
Wipro Buyback History
Wipro Buyback 2023 Dates
|Buyback Meeting Date:||April 27, 2023|
|Buyback Announcement Date:||April 27, 2023|
|Buyback Record Date:||June 16, 2023|
|Last Date to Buy Shares:||June 14, 2023|
|Buyback Open Date:||June 22, 2023|
|Buyback Close Date:||June 29, 2023|
|Finalization of Buyback Acceptance:||July 5, 2023|
Wipro Buyback 2023 Offer Details
Wipro Buyback 2023: A Lucrative Opportunity for Investors
Greetings, dear investors! Today, we bring you exciting news about Wipro Limited, a renowned multinational corporation headquartered in Bengaluru, Karnataka, India. Wipro specializes in offering a wide range of services, including information technology, consulting, and business process solutions. With a global presence, they cater to various industries such as Personal care, Health care, Lighting, Furniture, Pharmaceuticals, Semiconductors, Natural resources, and many more.
Now, let’s dive into the details of the highly anticipated Wipro Buyback for 2023. The company plans to repurchase a total of 26,96,62,921 equity shares at an attractive price of ₹445 per equity share. This buyback offer is set not to exceed ₹12,000 crores in total.
|Offer Amount:||₹12,000 Crores|
|Number of Shares:||26,96,62,921 Equity Shares|
|Face Value:||₹2 per equity share|
|Buyback Price:||₹445 per equity share|
|Buyback Type:||Tender Offer|
|Letter of Offer:||Click Here|
If you’re considering participating in this buyback, here’s a helpful tip. To make the most of this opportunity, investors are recommended to purchase around 449 shares at the prevailing market price of ₹375 (as of April 27, 2023). By doing so, you can maximize your potential returns. To calculate this, you can divide ₹2,00,000 (your investment amount) by ₹445 (the buyback price), resulting in approximately 449 shares.
Wipro Buyback 2023 Acceptance Ratio
|Acceptance Ratio||Investment||Shares Buyback||Profit|
Wipro Financial Report
|₹ in Crores|
Now, let’s discuss eligibility. To take part in the Wipro Buyback 2023 scheme, investors must have Wipro shares in their Demat account as of the upcoming date, which will be updated soon. If you fulfill this criterion, you can participate by selling your shares as per the opening form. Rest assured, the payment for the accepted shares under the Wipro buyback scheme will be promptly provided by the company.
Wipro Buyback of ₹12,000 crores
This buyback scheme presents a golden opportunity for investors to unlock the potential value of their Wipro shares. As a shareholder, this initiative allows you to actively participate in the growth and prosperity of the company.
How to Participate in Wipro Buyback 2023
Remember, keep an eye out for the upcoming announcement regarding the opening date of the Wipro Buyback 2023. We will ensure you receive all the necessary updates to make informed investment decisions.
If you have any queries or need further assistance, please don’t hesitate to reach out to us. Get ready to seize this exciting investment opportunity and embark on a prosperous journey with Wipro. Happy investing!
How to Apply the Wipro Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Wipro”. Click on Place Order. Enter your Quantity and submit Wipro Buyback Application Form.
How to Apply the Wipro Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Wiproount Section. You will see the Company Name “Wipro”. Click on Wipro Stock for Buyback. Enter your Quantity and submit Wipro Buyback Application Form.
How to Apply the Wipro Buyback through Wipro Money?
Log in to Wipro Money Application with your credentials. Select the Wipro. Enter your Quantity and submit Wipro Buyback Application Form.
Wipro Buyback 2023 FAQs
When is Wipro Buyback 2023 Record Date?
Wipro buyback 2023 record date is June 16, 2023.
When is Wipro Buyback 2023 Open Date?
Wipro buyback 2023 open date is June 22, 2023.
What is Wipro Buyback 2023 Price?
The company has fixed the price at ₹445 per share.
|Open FREE Demat Account|
|Upstox||₹20 per trade*||₹0 / FREE|
|Zerodha||₹20 per trade*||₹200 p.a.|
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