Wipro buyback proposal News

Wipro said its Board has approved a buyback proposal for purchase of up to 23.75 crore equity shares at Rs 400 per share that aggregates up to Rs 9,500 crore Wipro expects its revenue from IT Services business to be in the range of USD 2,022-2,062 million for the December quarter, translating to a sequential growth of 1.5-3.5 per cent The company's IT services segment revenue in the September quarter was at USD 1,992.4 million - an increase of 3.7 per cent quarter-on-quarter

India's third-largest software services firm Wipro on Wednesday said its shareholders have approved the company's Rs 11,000-crore buyback proposal.