
Wipro’s ₹12,000 cr share buyback opens on June 22; stock up
Wipro says the reservation of up to 15% for small shareholders will benefit a large number of the company’s public shareholders
Wipro says the reservation of up to 15% for small shareholders will benefit a large number of the company’s public shareholders
Buyback was approved at a price of ₹445 per equity share, around 10% higher than its current price
Wipro's rise in revenue was offset by increasing costs, which soared to ₹15,560 crore in Q1 FY23 from ₹12,757 crore in the year-ago period.
The IT services remained the most profitable vertical at Wipro during the December quarter, with its segment results growing to ₹3,528.9 crore.