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Sep 14, 2017 11:14 AM IST | Source: Moneycontrol.com

Wipro down over 4% after ex-date for share buyback

Shares if IT major Wipro tanked over 4 percent intraday on Thursday hitting a low of Rs 281.60 after the company approved buyback of shares up to 34,37,50,000 fully paid-up equity shares of the Company of face value of Rs 2 each.

Wipro down over 4% after ex-date for share buyback
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Shares if IT major Wipro tanked over 4 percent intraday on Thursday hitting a low of Rs 281.60 after the company approved buyback of shares up to 34,37,50,000 fully paid-up equity shares of the Company of face value of Rs 2 each at a price of Rs 320 per equity share on a proportionate basis through the tender offer process.

Wipro on September 1, 2017 informed that the Company has fixed September 15, 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

At 10:55 hrs Wipro was quoting at Rs 283.20, down Rs 12.85, or 4.34 percent. It has touched an intraday high of Rs 288.90 and an intraday low of Rs 281.60.
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