Mumbai, April 16 -- IT company, Wipro Limited, on Thursday announced a share buyback worth Rs 15,000 crore at a price of Rs 250 per equity share, with the proposal approved by its Board of Directors, subject to shareholder approval.

The company stated that the buyback will be conducted through the tender offer route on a proportionate basis, in accordance with the provisions of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013.

According to the company, it plans to repurchase up to 60,00,00,000 equity shares of face value Rs 2 each, representing 5.7 per cent of its total paid-up equity share capital. The aggregate buyback size is capped at Rs 150 billion (approximately USD ...