BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Wipro Ltd., at its board meeting held on October 13, 2020, approved to buy back 23.8 crore shares (4.2% of its equity) through a tender offer at a price of Rs 400 per share resulting in a total offer size of Rs 9,500 crore.
As per Securities and Exchange Board of India regulations, 15% of the offer size (approximately Rs 1,425 crore) is reserved for small shareholders holding shares upto a of Rs 2 lakh as on the record date.
The record date is likely to be announced mid-December post shareholders' approval.
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