Wipro gains 4% after announcing schedule for Rs 10,500-crore share buyback

The company said it will dispatch the Letter of Offer for the buyback to eligible shareholders appearing on the record date of June 21, 2019, on or before August 6, 2019.

Wipro shares climbed 4 per cent to Rs 276 in early morning trade on the BSE on Thursday in an otherwise weak market after the company said it'll begin its Rs 10,500-crore share buyback programme on August 14 and close on August 28.

Wipro received final comments from the market regulator Securities and Exchange Board of India (SEBI) on July 30, with respect to the draft Letter of Offer filed by the Company for the share buyback.

It will dispatch the Letter of Offer for the buyback to eligible shareholders appearing on the record date of June 21,