Opportunity in Wipro Ltd Buyback Offer

*Opportunity in Wipro Ltd Buyback Offer*

Recently in Board Meeting, Board of Director approved Buyback of shares

Total No of Shares to be Buyback - 34.375 cr shares

Out of which 15% is reserve for small shareholders as per SEBI

Therefore total shares to be reserve for Small Shareholder is 5.156 cr shares

As per latest shareholding of company, shareholder holding in range of 1 to 5000 shares is just less than 5 cr.

It clearly means 100% acceptance ratio in buyback for small shareholders.

Current Price - ₹ 285
Buyback Price - ₹ 320
Difference - ₹ 35

12.50 % absolute return within maximum 3 months, which means 50% return on annual basis.

One should buy and tender at max 624 shares i.e below 2 lacs to be recognized as small shareholder.

*Keep in Mind* : Tendering of 625th share will not recognized you as small shareholder in buyback offer as (625 shares X ₹320 = ₹2,00,000)

These type of offers comes once in a while, so just go for it.

*Don't miss this Opportunity*

Regards
By: via Everything CA

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