Wipro announces Rs 11,000-cr buyback
Wipro has announced a share buyback proposal of Rs 11,000 crore, entailing 34.3 crore equity shares at Rs 320 apiece. The buyback of equity shares are a part of the country's third-largest IT company's philosophy to deliver efficient returns to shareholders. In the previous financial year, Wipro had announced a buyback of 40 million shares or 1.62 per cent of the shares, amounting to Rs 2,500 crore at Rs 625 a share. Infosys, TCS, Cognizant and MindTree have announced share buybacks this year.