Wipro mulls equity share buyback proposal in upcoming board meeting.


According to a recent regulatory filing, IT services giant Wipro is currently reevaluating a proposed buyback of equity shares. The decision on the matter will be made during an upcoming board meeting scheduled for April 26-27, 2023. The Bengaluru-based firm stated that the board of directors will review the buyback proposal, along with any necessary related matters, in compliance with relevant laws and regulations. These include the Companies Act, 2013, the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, and other applicable statutes.