Infy plans share buyback of up to Rs 12,000 cr, 3rd in 5 years
Tech Giant Expected To Price Offer In 1,650-1,670 Range
Wipro completes Rs 9,500-crore buyback programme
The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about Rs 9,156 crore during the process, a regulatory filing said.
Wipros Rs 9,500-cr buyback offer to open on Dec 29
The company has set December 11, 2020 as the record date for determining eligibility for the buyback.
Wipro buyback offer of Rs 9,500 crore to open on December 29: Key details
IT services major Wipro on Tuesday said its up to Rs 9,500-crore sh...
NIIT Ltd Board approves Rs 237-crore buyback plan
The buyback, which is proposed to be made under the tender offer route, is subject to shareholders approval by passing a special resolution through postal ballot, the filing said.
Wipro sets opening date for Rs 9,500-crore share buyback offer
Wipros shareholders have approved its proposal to buy back up to 23.75 crore equity shares, equivalent to 4.16% stake in the company, at Rs 400 per share, for up to Rs 9,500 crore.
TCS Rs 16,000-cr buyback offer to open on Dec 18
Last month, TCS shareholders had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at Rs 3,000 per scrip for an aggregate amount not exceeding Rs 16,000 crore.
Wipro sets Dec 11 as record date for share buyback
Its Board of Directors and shareholders have already approved its proposal to buyback up to 23,75,00,000 equity shares of the company at Rs 400 per share
Wipro shareholders approve up to Rs 9,500-cr buyback plan
Wipros larger rival Tata Consultancy Services (TCS) has also proposed a mega Rs 16,000-crore buyback plan at Rs 3,000 per equity share.
Wipro’s share buyback offers an arbitrage opportunity
“At the current price of Rs340, the tender of shares in open offer can fetch a profit of Rs 60 per share on 50% of positions. The break-even price for the residual shares will be Rs 280,” said a note by ICICI Direct.
Brokerages raise Wipro price targets after Q2 results
Wipro on Tuesday posted a 3.2% sequential growth in consolidated profit for the quarter ended September and announced a share buyback of Rs 9,500 crore.
Why are foreign brokerages telling you to sell Wipro shares?
“With the stock trading at 21.6 times, its 12-year high valuation, which we believe is partly driven by expectations of the share buyback, there is no material change in near-term growth outlook and our belief that Wipro continues to have the weakest growth profile among its peers,” said Sumeet Jain of Goldman Sachs.
Wipro share buyback unlikely to enthuse investors: 5 key takeaways from Q2 results
The set price for buyback also is not likely to enthuse investors given the premium is just 6 per cent from current market price.
Wipro announces share buyback of Rs 9500 crore
Wipro will buy 4.16 per cent of the total paid up equity shares or 237.5 million shares at Rs 400 per share.
Wipro gains 6% as board to consider share buyback plan
...the Board of Directors will be considering a proposal of buyback of equity shares of the company at the...meeting scheduled to be held on October 13, 2020, Wipro said in a regulatory filing.
Wipro to consider share buyback next week
TCS said this evening that its board has approved a proposal to buy back shares worth up to Rs 16000 crore.
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