Wipro board to contemplate buy-back plan

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IT providers main Wipro on Wednesday mentioned its board would take into account a buy-back plan at its October 13 board assembly. The announcement comes on a day when bigger rival Tata Consultancy Services cleared an as much as ₹16,000 crore buy-back plan.

“… the board of directors will be considering a proposal of buy-back of equity shares of the company at the… meeting scheduled to be held on October 13, 2020,” Wipro mentioned in a regulatory submitting. However, no different particulars had been offered. Wipro can also be slated to announce its outcomes for the September quarter that day.

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