| Opening of Offer to Buy – Acquisition Window (Buyback) for Wipro Limited |
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, and 20190207-23 dated 07 Feb 2019 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Wipro Limited (the “Company”), has announced an offer to buyback up to 32,30,76,923 (Thirty-Two Crores Thirty Lakhs Seventy-Six Thousand Nine Hundred and Twenty-Three Only) fully paid-up equity shares of face value of Rs. 2/-(Rupees Two Only) each of the Company, representing up to 5.35% of the total paid-up equity share capital of the company, from all the eligible Shareholders of the Company as on the Record Date i.e. June 21, 2019, on a proportionate basis, through the tender offer route, at a price of Rs. 325/- (Rupees Three Hundred And Twenty Five Only) per equity share for an aggregate amount of up to Rs. 105,00,00,00,000/- (Rupees Ten Thousand Five Hundred Crores Only) (the "Buyback Offer Size"), from August 14, 2019 to August 28, 2019.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
Date: August 05,2019
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