Wipro Limited
CLOSED 🏷️ TENDER OFFERShare Buyback · Listed Equity · IPO Guide · Scrip: WIPRO
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Buyback Summary:
Company is offering to buy back equity shares at ₹325.00 per share.
(Record Date: 21 Jun 2019)
Buyback Price
₹325
Total Shares
323,076,923
Record Date
21 Jun 2019
Buyback Dates
14 Aug – 28 Aug 2019
Expert Rating
The financials of the company looks good, but bottom-line was in decline mode till FY18, RoNW is 17.27% and at CMP its looks fairly priced. Price difference is around 9% and acceptance ration as per current share holding for retail will be around 42.5%, but it may be possible that this ratio may go down as more people will buy Wipro for buyback and so we may expect the final acceptance ratio may be around 60% and profit may be 5%. So we give rating to this buyback.
Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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