Categories: Business

Wipro Rs 15,000 crore buyback opens – what it means for retail investors

Wipro’s Rs 15,000 crore share buyback is now open, offering shareholders Rs 250 per share, a significant premium over the current market price. The offer, valid until June 17, presents a potential arbitrage opportunity for retail investors. However, analysts suggest limited gains, with acceptance ratios expected around 20%, and caution about risks associated with unaccepted shares.

The News Vista

Share
Published by
The News Vista

Recent Posts

China-controlled Hong Kong to punish 3 who organised vigils for Tiananmen massacre

Hong Kong once had a strong civil society, regular mass protests and a relatively open…

2 hours ago

Oil touches $107 per barrel as Hormuz remains choked for over six months

This week, oil prices surged past a hundred dollars per barrel amidst growing worries over…

2 hours ago

‘Special 26’: Sacked employee teams up with I-T officials to target ex-boss in ‘raid’

Six individuals, including three women, were arrested by Andheri police for a fake raid. The…

3 hours ago

‘Found wife’s chats with colleague’: B’luru man breaks down during murder probe

A father allegedly strangled his two young daughters at a hotel last month. He confessed…

3 hours ago