The announcement comes on a day when bigger rival Tata Consultancy Providers Board has cleared an as much as Rs 16,000 crore buyback plan.
” … the Board of Administrators will probably be contemplating a proposal of buyback of fairness shares of the corporate on the…assembly scheduled to be held on October 13, 2020,” Wipro mentioned in a regulatory submitting.
Nonetheless, no different particulars had been offered.
“The end result of the Board assembly will probably be communicated to the inventory exchanges quickly after conclusion of the Board assembly on October 13, 2020,” it added.
Wipro can be slated to announce its outcomes for the September quarter that day.