Notice No20201223-67Notice Date23 Dec 2020
CategoryTradingSegmentEquity
SubjectOpening of Offer to Buy – Acquisition Window (Buyback) Wipro Limited
Content

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 Takeover, 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, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020has 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 offer for buyback of up to 23,75,00,000 (Twenty Three Crores Seventy Five Lakhs Only) fully paid-up equity shares of face value Rs. 2/- (Rupees Two Only) each of the Company, representing up to 4.16% 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. Friday, December 11, 2020, on a proportionate basis, through the tender offer route, at a price of Rs. 400/- (Rupees Four Hundred Only) per equity share for an aggregate amount of up to Rs. 95,00,00,00,000/(Rupees Nine Thousand Five Hundred Crores Only) from December 29, 2020  to January 11, 2021.

  

Letter of Offer is herewith attached for perusal.

 

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 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

Atul Dhotre

Senior Manager

Listing Sales & Ops

December 23, 2020

 

Attachments
Letter of Offer.pdf