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Wipro, the third largest software service firm of the country, has received its shareholders approval for Rs 11,000 crore buyback proposal.
The company had said during last month that it is going to purchase up to 343.75 million shares at Rs 320 (USD 4.95) per scrip. The total size of the offer will be up to Rs 11,000 crore (USD 1.7 billion).
Wipro said in a BSE filing that “The aforesaid special resolution has been passed through postal ballot and e-voting by members by requisite majority.”
