Business
Wipro Falls Despite Rs 15,000 Crore Buyback Wipro shares fell sharply after the company announced its March quarter results and unveiled a Rs 15,000 crore buyback plan. The stock dropped as investors looked beyond the buyback and focused on weaker profit growth, soft near-term guidance and continuing concerns over demand in the IT services business. […]
Business
Infosys has approved its largest ever share buyback of ₹18,000 crore, through the tender-offer route. The buyback price is set at ₹1,800 per share. Shares And Equity Impact The company plans to repurchase 10 crore fully paid-up shares, which represent 2.41% of Infosys’s paid-up equity share capital. Share Premium And Market Reaction The buyback price […]