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Wipro Buyback Apr 2023

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Wipro Buyback Apr 2023

Wipro Limited (BSE:507685, NSE:WIPRO) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Wipro Buyback Apr 2023? The company has announced a buyback price of Rs 445. Buyback Announced on TBD, the Record Date for the eligible investor is 16-06-2023.

Wipro Limited Buyabck Tender process starts from 22-06-2023 and end on 30-06-2023.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 23.40%.

The summary report of Wipro Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

Wipro Limited Buyback

TitleDetail
Company Name:Wipro Limited
Buyback Type:Tender Offer
Offer Amount:₹12000.00Cr
Buyback Number of Shares:26,96,62,921
Buyback Price:445
Approx Entry Price:385
Promoters In:Y
Record Date:16-06-2023
Buyback Open Date:22-06-2023
Buyback Close Date:30-06-2023
Payment Date:05-07-2023
Record Date Price:381.3
Maximum Retail Quantity:524
Draft Letter of Offer:Draft Letter of Offer
Letter of Offer:-
Acceptance Ratio Retail:62 Equity Share out of every 265 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio Retail %:23.40
Acceptance Ratio General:26 Equity Share out of every 603 Fully paid-up Equity Shares held on the Record Date.
Acceptance Ratio General %:4.31
Final Acceptance Ratio %:-

FAQs

The Record Date for Wipro Limited Buyback offer is 16th Jun 2023

Which means you should hold the Wipro Limited share in your demat account by closing session of 16th Jun 2023. Share purchased on and before (16th Jun 2023) - 2 business days will be available in your demat account by 16th Jun 2023.

 

Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Wipro Limited shares at ₹385 and buyback offer price is ₹445, you can get ₹60 per accepted share. If you hold 519 shares of Wipro Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 171 to 260 shares with the gain from buyback of ₹10260 to ₹15600.

The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

Wipro Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%171₹10260
50%260₹15600
75%389₹23340
100%519₹31140

 

Steps to participate in Wipro Limited buyback:

  1. On Record date (16th Jun 2023) you must have share of Wipro Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

 

Buyback opening date for Wipro Limited: 22nd Jun 2023

Buyback closing date for Wipro Limited: 30th Jun 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 

As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 5th Jul 2023.

 

Buyback opening date for Wipro Limited: 22nd Jun 2023

Buyback closing date for Wipro Limited: 30th Jun 2023

This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .

 


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