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Wipro rose after fixing record date for buyback

IT bellwether Wipro’s stock rose 0.86pc to Rs293.80per share on the NSE, on Tuesday after the company fixed 21 June 2019, as the record date for the proposed buyback of shares.  On the BSE too, the Wipro shares rose to the same extent.

Wipro announced this record date fix,   post market hours yesterday, 3-June-2019.

The IT major plans to buyback up to 32.30crore fully paid-up equity shares of Rs.2/- each, representing up to 5.35pc of the total paid-up equity share capital of the company, at a price of Rs325 per share, for a combined amount of up to Rs10500crore.