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Premji, promoter group entities sold 230 mn shares during Wipro buyback

Wipro said it had bought back 32.3 crore equity shares under the buyback scheme at Rs 325 apiece, and the total amount utilised was about Rs 10,499.99 crore

Press Trust of India  |  New Delhi 

Bonds, Stock markets, Shares, Trading

and other promoter group entities sold about 22.46 crore shares worth over Rs 7,300 crore during the buyback offer that closed last month.

In a regulatory filing on Wednesday, said it had bought back 32.3 crore equity shares under the buyback scheme at Rs 325 apiece, and the total amount utilised was about Rs 10,499.99 crore.

Approximately 6.12 crore shares from Partner representing Zash Traders, 6.03 crore shares from Partner representing Prazim Traders and 5.02 crore shares from Azim Premji Partner representing Hasham Traders were accepted under the buyback, it added.

About 4.05 crore shares from Azim Premji Trust and 1.22 crore shares from Azim Premji were also accepted under the buyback offer, the filing said.

Over 1.34 crore shares were sold by Life Insurance Corporation of India during the process, it added.

Post the buyback, the promoter group now holds 74.05 per cent stake in

First Published: Wed, September 11 2019. 14:00 IST
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