Latest Updates: Issue : 18/12/20 – 01/01/21; RD for Dividend 15-10-20. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly. Wipro shareholders had approved a proposal to buy back up to 23,75,00,000 equity shares.The IT major will send the Letter of Offer to the investors on or before 26 December, 2020 15% reserved for retail investors as per SEBI = 0.624 % of total equity Even in the case of SBI Securities, I am unable to cancel the buyback bid as the authorities of SBI told that I cannot as it was already accepted. Is there any benefit for such investors? This is at a premium of 10% when compared to the share Is it a good Idea? Since the buyback offer is open till January 11, 2021, the share price could still see a lot of movement. It is about who we are. How much time it takes in returning of unaccepted share in demat account. Exchange* As the record date for the purpose of buy back of shares has been announced by Engineering India Limited, a separate page for the same may please be opened for the benefit of readers and to enable them to offer comments for benefits of all viewing your site. I meant unaccepted shares were sold in the mkt at that price, Ya, In case the shares have been sold, can the shares be bought back from the market and be tendered now for buy back to avail the entitlement. Looks a good buy from the perspective of Buyback. Last time the buyback happened, the acceptance ratio was 52% I think. I just wanted to know what will be the acceptance ratio for retail small investors, Total Buyback 4.16 % Stocks at peak. Bengaluru: Wipro said it will buy back shares worth up to Rs 9,500 crore, becoming the second among India’s top IT services companies, after Tata Consultancy Services, to announce a repurchase this month, as the sector gains from the sustained rebound in technology spending worldwide. Last date for Settlement of bids on the Stock Also Read: Wipro extends work from home till April 2021 The shareholders of Wipro had approved the share buyback proposal on November 17, 2020, a month after its board approved the plan. The filing said the buyback will open on December 29, 2020 and close on January 11, 2021. Why to wait for Buybacj…Tender now…. Wipro share buyback programme: There is good news in sight, the leading information technology company, Wipro, is all set to launch Rs 9500 crore share buyback programme which will start from December 29, 2020 and will end on January 11, 2021. The last date for settlement of bids on the stock exchange would be on or before January 20, 2021. Vijay Prajapati October 13, 2020 Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is coming up with another buyback of 9500 crore announced on 13 October 2020. Wipro TCS and Infy rallying and so supporting NIFTY and SENSEX now , Wipro market price Rs 405/- They provides information technology, consulting and business process services. Wipro Limited is a multinational corporation based in Bengaluru, Karnataka, India. A big Question- Should we participate? Get App. Wipro plans to buyback 23.75 crore shares or 4.16% of the paid up capital. Date of Board Meeting approving the proposal. In Q2 Wipro had announced buyback worth Rs 9500 crore for a buyback price of Rs 400 per share. Yes you can. Wednesday, January 20, 2021. I have 5000 shares of wipro, how many shares will be accepted in buy back, I have actually 5400 shares as on record date, So Wipro is the laggard and fallen today after closure of the record date…. 359.5 per share. The buyback open dates have not been announced as yet. Normally companies announce schedule of buyback after approx two weeks from record date(Wipro record date for buyback is 11.12.2020) after that they are sending offer letter through email to all the shareholders who are holding shares as on record date, Wipro buying back $1.3bn shares in 4th buyback in 5 years Oct 14, 2020, 11:29AM IST Source: TOI.in Wipro said it is buying back shares worth Rs … Wipro Buyback offer date announced:-Date of Opening of the Buyback Offer Period Tuesday, December 29, 2020 Date of Closing of the Buyback Offer Period Monday, January 11, 2021 Last date for Settlement of bids on the Stock Exchange* Wednesday, January 20, 2021. 400 per equity share. In this case, you can expect abt 50% acceptance. 0.6% would be accepted, 28% can apply. Can someone tell me about Indian Tonner buy back ? Ideally I should wait or cancel my bid for my retail quota shares. One of my friend successfully cancelled through Zerodha account. When will it open? Why you are saying this is incorrect. Please comment on buyback acceptance ration of Indian Toners Developers .. Latest Buybacks 2020 Wipro Share Holding Pattern as of SEP 2020 Dear Brothers, Is anyone using Groww app for Trading. 1. The Spirit of Wipro is the core of Wipro. They provide services like Digital strategy, Business consulting, IT services, IT consulting, Banking, Retail to industries like Personal care, Health care, Lighting, Furniture, Pharmaceuticals, Semiconductors, Natural resources and more. Wipro Ltd. on Tuesday said its share buyback programme of up to Rs 9,500 crore will start on Dec. 29 and close on Jan. 11, 2021. if mail is not received check on this link https://kosmic.kfintech.com/karisma/buybackoffer.aspx. You can participate in buyback after having the stock in your account. The buyback, under the tender offer route, is open to all eligible shareholders, as on the record date of December 11, 2020. Wipro has gained 56% in 2020 and shares recently hit record high levels. Searched in NET but no clue. INVESTOR ACADEMY is now on Telegram. * Experts may please correct me if data is wrong. Please give your opinion. Adesh Sir, what was the expected ratio last year for retail category? Date of Closing of the Buyback Offer Period Monday, January 11, 2021 LIC IPO - One of Biggest LIC IPO is Coming Soon! I am using GROWW app. Buyback price of Wipro: Rs. Once it is opened then you can tender shares via your broker app. Meanwhile, the stock of Wipro … Wipro buyback offer opens December 29, 2020 and closes on January 11, 2021. Wipro, IT services major said on Tuesday that its Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. 2. No idea about stock history.. Adesh sir , what will be the minimum acceptance ratio for retails as per the shareholders having less than 500 shares and 15% of total buyback..plz provide the data just as you did in tcs buyback forum …plz sir, Sorry for late response because I do not access this app daily. Wipro Ltd, IT software service company has announced its share buyback for the year 2020. Like all other Buyback Analysis we are again ready with a new one and this time it’s Wipro!. Any news about the entitlement ratio for reserved category, please give information. Anyone have confirmation about entitlement ratio? Wipro had last year announced a share buyback of up to 33.3 crore shares at ₹325 per share, aggregating ₹10,500 crores, and comprising 3.69% of its total paid-up equity capital. Wipro Buyback 2020. Shareholders on the record date (December 11, 2020) have the opportunity to … The company also forecast that it would grow between 1.5 per cent and 3.5 per cent in the … Please guide me steps to do that. It is reflected consistently in all our behavior. Buyback record date: December 11, 2020. I want to know that Can I tender more share in respect of eligible share for buyback means suppose I have 1000 share of any company before record date and my eligible share for buyback as per accepting ratio of 50% is 500 , can I tender full 1000 share for buyback. Nifty 50 has given returns of about 14% in 2020 so far and clearly both Wipro and Nifty IT has outperformed Nifty. Once you have shares in demat, you can participate in the buyback process which is opening from [ 29.12.2020 to 11.01.2021] by selling your shares through your broker on NSE or BSE. They harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. NMDC Buyback 2020. Wipro stock is in focus today (stock gained 2% in trade) on the back of announcing a large deal win and more SEBI nod for the buyback. 95,00,00,00,000/- (Rupees Nine Thousand Five Hundred Crores only) (hereinafter referred to as the "Buyback Size"), being 4.16% of the total paid-up equity share capital, at a price of Rs. 3. possible Acceptance ratio, which can be understood by looking at the Retails share holders and the size of the buyback.. For Wipro 15% is reserved for retail category. Notice”), the results of which were announced on November 17, 2020. Wipro plans to buyback 23.75 crore shares or 4.16% of the paid up capital. Date of Opening of the Buyback Offer Period Tuesday, December 29, 2020 Wipro To Consider Share Buyback On October 13 On October 7, 2020, the stock of Wipro ended 1.59 percent higher at Rs. Wipro's buyback price was at a premium of … Please keep calm and wait for the buyback window to open, which will take time. Wipro buyback record date is December 11, 2020. Equity shareholders who held shares in the company on or before December 11, 2020 are … In view of this , what is expected entitlement ration for retail investors. " the Board of Directors will be considering a proposal of buyback of equity shares of the company at the meeting scheduled to be held on October 13, 2020," Wipro said in a regulatory filing. There are so many variables, I would suggest not to get into any share just for Buyback, if you are not sure of details. Now it depends- if you are a long term investor and choose not to sell the unaccepted shares for atleast one year, I do not think you would regret, Thanks alot sir…but what would be the minimum acceptance as per the shareholding report …plz explain as you did in tcs if possible ..it helped alot In November, shareholders had approved the buyback plan for purchase of up to 237.5 crore equity … Don’t know how to apply. Enjoy!! Review and Recommendation of Wipro Buyback from our IZ team is: Click here to login/signup to join the discussion, Click here to download the Android App from Play Store. The tender dates for the buyback has not been announced please wait for at least 2 weeks. Wipro on 13 th October 2020 announced a buyback price of Rs.400 with current market price at Rs.350 (as on 14th October) leaving 14% spread.. Understanding from the retail perspective, the company announced a total buyback of 23,75,00,000 shares forming 4.16% of total equity. Wipro will buy back 23.75 crore shares at ₹ 400 per equity share, the company said in a press release. And this time the buyback size is also less as compared to previous one! Wipro’s shareholders had approved the share buyback proposal on November 17, 2020, a month after its board approved the plan. Calculate the cost of transaction and go ahead. All those, who have bought for buyback can sell in market … Pls feel free to contact me for more details. Rs 2 lacs worth of shares on record date I.e. (Record Date), Last time out of 977 shares offered 47 shares accepted. Meanwhile, the stock of Wipro … Together, we discover ideas and connect the dots to build a better and a bold new future. Hey,its 11 and I can’t see window on my zerodha Console. 1. TCS & Wipro - 2 IT Giants of India are coming up with their buyback 2020. bought 250 shares at 342 for buyback lets see how it goes will keep you guys updated. Buyback record date: December 11, 2020. December 22, 2020 10:38 am. 0 ⭐ New Member (2 Posts) Yes please help me with engineer india buyback. The voting, which started on … 09/12 is Cum date Just a rumour may be add Rs 1 or 2.. Get latest news & headlines on wipro buyback. 2020. Share buyback will commence on December 29, 2020 and close on January 11, 2021. e-paper. I do not expect the acceptance ratio to cross 50% this time as well. What’s the immediate post buy back behaviour of the stocks prices in past? Current Wipro buyback is … 9. there are two categories general and reserved. Can any body guide me surely about that I got 500 shares of Wipro as on record date and got the entitlementbof 234 shares for tendering for buy back as per offer letter received. It is our character. Not sure as what other options I have. Start Accumulating Friends around 340 – 42 level nothing to worry. Please “Market Wizard” let us know when the buy back is open and how to apply. Can anybody tell me what will be the rate per share for buyback consideration as of 11/12/20 (record date) and how many maximum shares can a retail hold based on that rate to be still eligible for the reserved(retail) category .. Dear Brothers, Any internal news from sources about the expected entitlement for reserved category please give it. Wipro share buyback programme: There is good news in sight, the leading information technology company, Wipro, is all set to launch Rs 9500 crore share buyback programme which will start from December 29, 2020 and will end on January 11, 2021. 4% Tender offer at Rs 1200/- while current Market price is 993. Thus far in calendar year 2020 (CY20), Wipro has gained 54.2 per cent as compared to 13.72 per cent gain in the benchmark S&P BSE Sensex Bengaluru (Karnataka) [India], Dec 24 (ANI): IT software giant Wipro on Thursday released the letter of offer and tender form related to its Rs 9,500 crore buyback plan which will open on December 29. The Wirpo share buyback offer is open till January 11, 2021. If As on record Date having 1045 shares of Wipro in demat. so a 50% risk. I have a piece of advice to those who are thinking of tendering the shares at 405. Price may spurt near to the end of buyback period, to be declared…. Now scroll down and go-to buyback list, Now place an order on Wipro. Last time buyback price was Rs. Nothing concrete, Expected RD around 5th Dec 2020. Wipro has announced a share buyback offer worth ₹9,500 crore, with the buyback price fixed at ₹400. Wipro buyback offer date announced Up to 2 lakh worth shares are considered as retail category. India’s top tier software company Wipro turns 75 today and Wipro’s Rs 9500 crore share buyback offer opened today December 29, 2020 and will last until January 11, 2021. Adesh sir, please tell that how much maximum shares ( numbers of shares) we can buy to eligible in retail category ?? Bengaluru-based IT major Wipro on Tuesday announced a share buyback plan worth Rs 9,500 crore. Please contact your broker and ask them how you can do that. Sir you can now sell in open market only why to go for buyback. Not recieved any email from company regarding entitlement only umesh paliwal sir’s information is reliable at present. The Spirit is deeply rooted in the unchanging essence of Wipro. Wipro Buyback 2020 Details & Review Wipro Buyback 2020 Details & Review Buyback price of Wipro: Rs. The Buyback will be implemented using a tender offer process, under which holders of Equity Shares as of December 11, 2020 (the “Record Date”) will be able to tender a proportionate number of their Equity Shares to the Company at the Buyback Price. Wipro Slips Nearly 7% Post Q2 Earnings, Share Buyback Plans Wipro Announces Share Buyback Of Rs 9,500 Crore, Profit Rises 3% In September Quarter Bihar Election 2020 : … Business. A company recognized globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Wipro, the leading Indian IT services company, on Tuesday said it has received approval from capital market regulator SEBI to launch share buyback programme. How much shares will be accepted? That was the autocorrect error. How does acceptance shares work in such cases? Wipro has announced a share buyback offer worth ₹9,500 crore, with the buyback price fixed at ₹400. So for safety ( and wipro takes longer to buyback so money remains stuck longer), I think even 350 is not a good price to buyin, unless one is extremely bullish otherwise on wipro. WIPRO ISSUES PUBLIC ANNOUNCEMENT REGARDING BUYBACK OFFER Bengaluru, India and East Brunswick, New Jersey, USA – November 19, 2020: On November 19, 2020, Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO) (the “Company”), a leading global information technology, consulting and business process services company, issued Company will accept shares based on final acceptance ratio. Wipro buyback update: Because many sharehoders exited at 385. Yes recieved the email regarding buyback recieved from karvy 234 out of 500 shares entitlement, Thanks Umesh Paliwal Sir for giving the entitlement of wipro , some one recieved the mail regarding buyback please give information. Hoping for 100% acceptance in wipro buyback and it also looks that wipro share crosses 400 mark before the closure of the buyback window. Yes your shares will remain blocked till settlement date. The price at which the in accwpted shares were sold was abt 10-15% below. Rohit ji, thank you very much for your contribution. It is the indivisible synthesis of the four values. LTP- Rs. 359.5 per share. I have 299 shares of Wipro on record date. Wipro Board to consider buyback plan on October 13 "The outcome of the Board meeting will be communicated to the stock exchanges soon after conclusion of the Board meeting on October 13, 2020… Promoters are also going to participate in buyback. For a understanding of complete BuyBack Process & Terms, please see the link Buyback of Shares: A Primer for Retail Investors. Hi, I am new to Share Market. LTP- Rs. Apply Buyback With UPSTOX FREE DEMAT A/C NOW. 50% chances of acceptance. But it also embraces what we must aspire to be. Wipro Ltd has approved a proposal to buy back … In fact this month Nifty IT index hit fresh record high and has gained about 54% in 2020. Bhavya Kothari . 11.12.2020 is the record date to know the eligibility of Wipro. Wipro on 13 th October 2020 announced a buyback price of Rs.400 with current market price at Rs.350 (as on 14th October) leaving 14% spread.. Understanding from the retail perspective, the company announced a total buyback of 23,75,00,000 shares forming 4.16% of total equity. Company: Buyback Price: Meeting Date: Record Date: NIIT Ltd Buyback ₹240 DEC 24: 01.2021: Engineers India Buyback … Is it worth to buy wipro now @ 360 for buyback ? 325 range is safer. 400 per equity share. For TCS buy back acceptance ratio is 40% as mentioned in the offer letter received however it is expected to be 80 to 90% looking the present price of Rs.2930/- quoted yesterday. https://kosmic.kfintech.com/karisma/buybackoffer.aspx, https://d2un9pqbzgw43g.cloudfront.net/main/Letter-of-Offer-1.pdf, https://kosmic.kfintech.com/karisma/buybackoffer.asp. Wipro on Tuesday said its share buyback programme of up to ₹9,500 crore will start on December 29, 2020, and close on January 11, 2021.In a regulatory filing to the stock exchange, Wipro … ..plz sir. Reply. Any information on the record date and Buyback date of Wipro ? Of this, 3.56 crore shares will be reserved for shareholders who own … IT services major Wipro on Tuesday said its shareholders have approved its up to Rs 9,500 crore share buyback plan. Wipro Limited is a multinational corporation based in Bengaluru, Karnataka, India. on Business Standard. It appears 99% possibility for 100% Acceptance Ratio regarding buyback of Wipro shares also in retailers category. YES, the shares which are not taken by the company have to be sold into the open market after the buyback finished. 8. Wipro … Shares of Wipro hit a fresh all-time high of Rs 410, up 3 per cent on the BSE, in intra-day trade on Tuesday and was quoting above its buyback price of Rs 400 per share.. Postal ballot result has been announced by company on exchanges. IT major Wipro had in October, approved a plan to buy upto 23.75 crore shares from investors. Max 10-20% acceptance possible… You will get a better buyback acceptance because of the 15% reservation. 10/12 ex date So till then have patience. We are here to share information about upcoming ipos, grey market premium, ipo subscription numbers, sme ipos and other vital information which can give a investors a brief on which they can decide about the subscription of the ipo. Note – Those holding upto 565 shares on record date will be considered as small (retail) shareholders. Updated: 22 Dec 2020, 08:03 PM IST Written By Anulekha Ray. and add slowly till 325. But I haven’t received the email with entitlement ratio. Wipro plans to purchase of 23.75 crore shares at ₹400 per equity share for an aggregate amount not exceeding ₹9,500 crores. I contacted my broker ICICI direct and they say they cannot cancel as the status shows executed. I am holding 150 shares in WIPRO, planning to participate in BuyBack. The buyback closes on January 11, 2021, while the record date to participate in the buyback was December 10, 2020. The announcement comes on a day when larger rival Tata Consultancy Services Board has cleared an up to Rs 16,000 crore buyback plan. They provides information technology, consulting and business process services. Now record date may come any time on exchange, Sometime in Dec Zerodha has allowed cancellation of Wipro buy back order till 2.00pm on 11.01.2021, Yes you can, but your shares will remain blocked till buyback settlement. Wipro done Rs 400/- Minimum acceptance ratio = 27.6 % (provided 2.26% shouldn't go up & all retailers render their shares for buyback). IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. Of this, 3.56 crore shares will be reserved for shareholders who own up to 500 shares of the firm. 400/- (Rupees Four Hundred only) per equity share (hereinafter the "Buyback Price" and such buyback, the "Buyback"). Wipro, the leading Indian IT services company, has said its share buyback programme of up to 23,75,00,000 equity shares worth Rs 9,500 crore will start on December 29, 2020, … In 2019 also Wipro has done the buyback of Rs 10,500 Cr@325 Rs per share. Bengaluru: Software major Wipro's chairman Rishad Premji struck a buoyant note in his first letter to employees after the New Year, stating that the company has 'greater energy and confidence' than ever before. Wipro share price as at 9:30 am, December 23, 2020 BSE / Business Insider India / Flourish In addition to the share buyback, Wipro has also signed a … Firstly, to be eligible for the buyback the investor should have shares of Wipro Buyback 2020 in demat or physical form as on record date, Buy 500 Shares at CMP of Rs.375( 2,00,000/375=500). Retail investors are 28% i.e. For Stock Market Training & Mentoring - https://forms.gle/QWHpFxvxN6egjchd7 Premium Content Channel - - https://bit.ly/2Nj7lKe Wipro's 9,500-crore share buyback offer to open on 29 December 2 min read. This time the size is lesser. This is the 2 nd buyback from Wipro in the last two years. If it remains below 350 at the time of actual buyback duration, then I think we could even land up with 40% acceptance. Wipro will buy back 23.75 crore shares at … “Based on the last two buybacks of Wipro and very low retail shareholding, we expect the acceptance ratio to remain high in the range of 40-60 percent which could give a potential return of 7-11 percent (pre-tax) with a time frame of 2-3 months (assuming one is able to sell the remaining un-tendered shares at the current levels of about Rs 340),” Motilal Oswal said.​, https://www.thehindubusinessline.com/markets/stock-markets/wipro-buyback-how-to-benefit-from-arbitrage-opportunity/article32894489.ece. The buyback, under the tender offer route, is open to all eligible shareholders, as on the record date of December 11, 2020. Wipro Ltd has approved a proposal to buy back … Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. 11.12.2020, Max 500 shares on safer side.as 2lac/400=500, Very low volume traded share… Wipro buyback window opened today 28-Dec-2020, If you have an account with Zerodha and you are interested in Tender share in Buyback then pls follow these steps: Go to "Console" then click on the "Portfolio" Tab and select "Corporate Action" from the drop-down menu. Please guide me to apply for WIPRO Buy back. Now only one can tender for buy back for tax planning purposes. Wipro’s buyback offer will close on Jan. 11, 2021, while the last date for settlement of bids on the stock exchange is Jan. 20, 2021, according to an exchange filing. Fly fly Rs 428.. to Buyback price of Rs 400/- 325/- and buyback size was Rs. Wipro buyback window opened today 28-Dec-2020, If you have an account with Zerodha and you are interested in Tender share in Buyback then pls follow these steps: Go to "Console" then click on the "Portfolio" Tab and select "Corporate Action" from the drop-down menu. Wipro’s buyback involves 23.75 crore equity shares representing up to 4.16 per cent of the total issued and paid-up equity share capital of the company. Yes Read more about Wipro's Rs 9,500-crore share buyback offer to open on December 29 on Business Standard. Any detailed steps will help. available CMP is not advisable for entry as it will fall surely after the ex date. Keep in your demat account shares worth less than 2 lac market value to be eligible as a retail investor. What was the acceptance for general category last time? Pls don’t esp because you will need to pay 15.6% stcg or 10% ltcg tax on the gains you make. THANKS UMESH PALIWAL SIR FOR WIPRO ENTITELEMENT RATIO SO QUICKLY. Still I haven’t received the tender form from WIPRO, did any got it? Generally The acceptance ratio is higher than Entitlement ratio right? Question. Dear Market Wizard Now at present how much entitlement and acceptance take place in wipro buyback. As per the record date you need to have Wipro shares in your demat account. Can you explain how the accepted shares were sold at a price lower than the fixed buyback price? He is not misleading. The stock of Wipro hit a … Wipro had last year announced a share buyback of up to 33.3 crore shares at ₹325 per share, aggregating ₹10,500 crores, and comprising 3.69% of its total paid-up equity capital. Wipro Ltd. on Tuesday said its share buyback programme of up to Rs 9,500 crore will start on Dec. 29 and close on Jan. 11, 2021. TCS Buyback: Present(2020) and Previous(2018) Buyback Experts advise to hold TCS shares for long term and opt for Wipro buyback. Following should be clear: Read more about Wipro's Rs 9,500 cr buyback opens tomorrow. The Board of Directors of Wipro Limited (the "Company") at its meeting held on October 13, 2020 has approved a proposal to buyback up to 23,75,00,000 equity shares (Twenty Three Crores Seventy Five Lakhs only) of the Company for an aggregate amount not exceeding Rs. RailTel IPO GMP - IPO Grey Market Premium Today, HDB Financial IPO Date, Review, Price Band, Form & Market Lot Details, Patanjali IPO Dates, Review, Price Band & Market Lot Details, Antony Waste IPO GMP - IPO Grey Market Premium Today. <2 Lks investors as on Sep'20 – 2.26 % (Might go up since a lot of new small investors may like to buy shares for Buy back) LIVE BUYBACK OF SHARES 2021. Should you tender your shares? one can start accumulating Wipro from here @340 for buyback purposes. Wipro posted a 3.2 percent sequential growth in consolidated profit for the quarter ended September 2020, while IT services segment earnings were ahead of analysts' estimates. Wipro last week announced a buyback of shares worth ₹ 9,500 crore, which is expected to be completed by December 2020. Now scroll down and go-to buyback list, Now place an order on Wipro. 1.3 The Buyback Size does not include any transaction costs viz. The company operates worldwide. The company will buy each share at a price of Rs 400, and the record date has been fixed at Dec 11. it is worth to buy @ 115 level……Buy back prive 160. As it was a tender offer, so the price fixed by the co, would be the price at which shares would be bought back, right? 3. Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is coming up with another buyback of 9500 crore announced on 13 October 2020. Ayush. Wipro was down 0.18% to Rs 363 ahead of the company's record date on Friday, 11 December 2020, for the proposed Rs 9,500 crore share buyback programme. he is talking about that shares. Yes. Is it worth to buy ? https://www.bseindia.com/xml-data/corpfiling/AttachLive/f199da08-7e01-4fca-8f49-a62858e36e12.pdf. Updated: October 13, 2020 4:25 pm IST. Experts advise to hold TCS shares for long term and opt for Wipro buyback. Steps to participate in Wipro Ltd buyback: On Record date (11th Dec 2020) you must have share of Wipro Ltd in your demat account/physical form. Anyone who is looking to participate in the buyback will never get this price…at the most I got 118…that to surprisingly on the day that new covid strain was discovered. Grab all the information & updates on wipro buyback at Gadgets Now. Retails category investors get more benefit. 1. Enjoy the money rain. I cancelled the buyback application in Zerodha easily but in ICICI direct dont see that option. Dear Market Wizard, Possible to be stuck…. As my broker says if I cancel my bid, I will only be able to sell after 20th, is it true? 335.25 per share. TCS buyback uis 1.42% of the total paid-up equity share capita and is through the tender route. *Motilal Oswal Financial Services on Wipro buyback:*. The Spirit is a beacon. The company had a cash reserve of $4.6 billion as on Sept. 30, 2020. I am facing similar issue. This is at a premium of 10% when compared to the share price on December 22. 8. Person holding more than 600 shares would be in general category. Please reply my query sir that i had 1739 shares in my demat account as on record date and out of them I sold 1289 shares and bought 50 shares after record date , currently I am holding 500 shares including 50 shares bought after record date, if I tender full 500 shares including additional 50 shares ( bought after record date) in buyback, will my submission get recjected Or not because I am tendering additional 50 shares bought after record date, please reply.