Stocks

Wipro shares retreat after gaining 1.2% intraday

BL Internet Desk Chennai | Updated on January 09, 2018 Published on November 21, 2017

Wipro shares retreated after gaining as much as 1.2 per cent intraday on Tuesday.

Following a positive open at Rs 298.25 against the previous close of Rs 294.60, the scrip touched an intraday high of Rs 298.25 and a low of Rs 293.20. In terms of equity volume, 1.67 lakh shares exchanged hands on the BSE.

Wipro shares ended down by 0.22 per cent at Rs 293.95.

The company had announced yesterday that it will open Rs. 11,000 crore share buyback scheme on November 29 for Rs. 320 a unit, at 8.6 per cent premium over current price.

The company has announced to buyback over 34.37 crore fully paid-up equity shares of face value Rs. 2 each of the firm, representing up to 7.06 per cent of the total paid-up equity share capital, from all the fully paid-up equity shareholders/ beneficial owners of the shares as on the record date of September 15, 2017, on a proportionate basis.

Published on November 21, 2017

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