Wipro’s plans largest buyback worth $1.7 billion

This time, the shares are expected to be bought back at Rs 320 a piece, a 17% premium to the prevailing share price of Rs 273 on the Bombay Stock Exchange. The price is 33% higher than the 6-month average share price of Rs 240. This would be Wipro’s third buyback. It did a buyback of Rs 2,500 crore worth of shares in 2016 and Rs 11,000 crore worth of shares in 2017.

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