Wipro AGM okays `11,000cr buyback

New Delhi: India's thirdlargest software services firm Wipro on Wednesday said its shareholders have approved the company's `11,000-crore buyback proposal. The Bengaluru-based company has fixed September 15 as the the record date for the buyback offer. It had said last month that it will purchase up to 343.75 million shares at `320 per scrip. The total size of the offer will be up to `11,000 crore ($1.7 billion). “The aforesaid special resolution has been passed through postal ballot and e-voting by members by requisite majority,” Wipro said in a filing.