Wipro announces Rs 15,000 crore share buyback at 19% premium. Check key things to know

IT services major Wipro on Thursday announced a Rs 15,000 crore share buyback at Rs 250 per share, offering a 19% premium over the stock’s last closing price.The share buyback marks the first such action announced by the IT major in more than three years.Wipro's board approved the company’s plan to buy back up to 60 crore, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore.The buyback will be done via the tender route, and all shareholders...