wipro, Stock future tips, share market tips, Intraday trading tips, nifty, Indian stock Market, free stock tips, commodity trading in India, Call Put Option tips, Stock Future Trading calls, Stock Trading Tips For Tomorrow, Stock Future Tips Tomorrow, BTST Intraday Call, Stock Future Call, Intraday Future Call, Stock Trading Tips for TomorrowI.T services exporter Wipro Limited on Wednesday announced that the company has got an approval from its shareholders to buy back shares worth Rs 11,000 crore. The Wipro had very early announced this proposal in July and said that the company would buy up to 3,437 shares priced at Rs 320 each. Further to this statement, Wipro also announced i.e on Wednesday 30 August 2017, that the company has set Sept 15 as the date for determining the entitlement and names of equity shareholders eligible for the buyback.

The Information technology companies in India have been hard pressed lately to return excess cash to their books to their shareholders either through generous dividends or share buybacks.
On August 19, Infosys Limited announced that its board had approved a share buyback offer of up to Rs 13,000 crore. The buyback price per share will be Rs 1150. On April 18, TCS shareholders had approved a Rs 16,000 crore share buyback plan, which is supposed to be the biggest such program ever in India.

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