Wipro may opt for up to $1.2bn share buyback

The NCLT is looking at the company’s proposal to merge Wipro Technologies Austria, Wipro Information Technology Austria, NewLogic Technologies SARL and Appirio India Cloud Solutions with itself. If the NCLT’s approval comes through, the company might consider a proposal to buy back shares worth $1-1.2 billion in the Jan-March quarter, sources said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2CNDeWV

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