 "Abidali Neemuchwala, CEO, Wipro")
Shares of Wipro, country's third largest software services firm, hit a 52-week high of Rs 291 on Friday, up over 8% after the IT major announced a share buyback of Rs 11,000 crore entailing 34.3 crore equity shares at Rs 320 apiece.
Also Read: Wipro hits 52-wk high on Q1 results, share buyback plan
The buyback price is 24% higher than the average price of the stock for the past six months, which analysts believe is attractive and investors can consider tendering their shares.
“The proposed buyback has been done at an attractive price. It will
Also Read: Wipro hits 52-wk high on Q1 results, share buyback plan
The buyback price is 24% higher than the average price of the stock for the past six months, which analysts believe is attractive and investors can consider tendering their shares.
“The proposed buyback has been done at an attractive price. It will
