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 ₹400.00 per share.
(Record Date: 11 Dec 2020)
Buyback Price
₹400
Total Shares
237,500,000
Record Date
11 Dec 2020
Buyback Dates
29 Dec – 11 Jan 2021
Expert Rating
The financials of the company looks good, RoNW is 17.27% and at CMP its looks fairly priced. Price difference is around 15% and acceptance ration as per current share holding for retail will be around 30%, 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 50% and profit may be 8%. So we give rating to this buyback and one should buy this stock for buyback in the range of 320 - 340.
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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