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Wipro has said that its Board of Directors will be considering the proposal of buyback of equity shares of the company on April 20 which is the day of its fourth quarter results.
At present the promoter holding stands at 73.35 percent whereas institutions and non-institutions holds 15.52 percent and 10.53 percent each in the company.
Wipro has said in a regulatory filing that “With reference to the earlier announcement dated March 29, 2016 regarding intimation of Board meeting to be held over April 19-20, 2016, Wipro Ltd has now informed BSE that the Board of Directors will consider a proposal for buyback of equity shares of the Company on April 20, 2016.”
