Wipro launches Rs 15,000 crore share buyback at Rs 250 per share, marking its first buyback in nearly three years. The offer price represents a 25% premium over the stock's previous closing price of Rs 199.36, with the company authorized to repurchase up to 60 crore shares representing 5.7% of paid-up capital. Brokerages including HDFC Securities recommend retail investors participate, projecting conservative acceptance ratios of 45-50% could deliver 8-9% net returns over two to three months. More aggressive scenarios assuming 70-80% acceptance ratios suggest potential returns of 13-14% in the same timeframe. Given Wipro's track record of strong buyback performance and relatively lean retail shareholding patterns, analysts expect robust participation levels.
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