Wipro ADS holders need to become direct shareholders to participate in the buyback

IT major Wipro Wednesday said its ADS holders can participate in Rs 10,500 crore-buyback program by becoming a direct shareholder prior to the record date of June 21, 2019.

IT major Wipro Wednesday said its ADS holders can participate in Rs 10,500 crore-buyback program by becoming a direct shareholder prior to the record date of June 21, 2019.

Wipro-ADS-holders-need-to-become-direct-shareholders-to-participate-in-the-buyback
Wipro?s American Depositary Shares (ADS), each representing one equity share, are traded on the US on the New York Stock Exchange.




IT major Wipro Wednesday said its ADS holders can participate in Rs 10,500 crore-buyback program by becoming a direct shareholder prior to the record date of June 21.

Earlier this week, Wipro had announced June 21 as the record date for its buyback program.

“In order for a holder of ADS’ (American Depositary Shares) to participate in the buyback, such holder will need to become a direct shareholder of the company prior to the Record Date,” Wipro said in a BSE filing.

It further stated that “to have the chance to become a direct shareholder of the Company prior to the Record Date”, holders will need to submit their ADS’ for cancellation and withdrawing the underlying equity shares before noon of June 17, 2019.

The company’s American Depositary Shares (ADS), each representing one equity share, are traded on the US on the New York Stock Exchange.

Wipro said its Board and shareholders have approved the proposal to buy back up to 32.3 crore shares at a price of Rs 325 apiece on a proportionate basis through the tender offer process.

The buyback size constitutes 23.03 percent of the aggregate of fully paid-up equity share capital and free reserves of the company as per its audited standalone balance sheet as on March 31, 2019, it added.

“The Buyback will be conducted on a proportionate basis through the tender offer route … from all holders of Equity Shares who hold equity shares as of June 21, 2019, the record date for the Buyback (the Record Date),” it added.

COMMENTS

BLOGGER
Name

About Life,26,AdSense,2,Biography,67,Breaking News,103,Chocolate Day,1,Cricket,14,Education,10,Elections,6,Events,3,Festivals,62,gameplay,6,General Elections 2019,1,Good Morning Images With Shayari,2,Google,2,Google Analytics Tutorial,1,Guru Ravidass Jayanti 2019,1,Happy Chocolate Day,2,Happy Hug Day,4,Happy Independence Day 2019,7,Happy Kiss Day,5,Happy Makar Sankranti 2019,1,Happy New Year 2019,3,Happy Promise Day,3,Happy Propose Day,5,Happy Republic Day,1,Happy Republic Day 2019,1,Happy Rose Day,4,Happy Slap Day,1,Happy Teddy Day,4,Happy Valentines Day,6,Health,7,Holi 2019,1,Holi Essay,1,Holyday's,7,Honor 20,1,Huawei Y9,1,Hug Day 2019,1,India Elections 2019,1,Jean-Baptiste Poquelin,1,Jessica Biel,2,JIO,5,Jio Broadband,3,Jio DTH,3,JIO PHONE,3,Jobs,3,Jupiter,1,Kedar Jadhav lauds MS Dhoni's guidance,1,Keyword Research,1,Kiss Day 2019,1,Lenovo,1,Lev Landau's 111th Birthday,2,Life Style,7,LifeStory,43,Lok Sabha Election 2019,1,Madhubala,1,Maha Shivratri 2019,1,Makar Sankranti,1,Marcal Paper Mills Inc New Jersey,1,Market,5,Martin Luther King,7,Mindy Kaling,1,Moon,2,Mukesh Ambani,1,My Life Quotes,6,Narendra Modi,3,Narendra Modi Kashmir India Jammu,1,National Poultry Day,1,Netaji Subhas Chandra Bose,1,New Launch Mobile,24,New Video Songs,1,NIA,1,Nokia,1,Nokia 2.2,1,Nowruz 2019,1,Online Jobs,2,Oppo F11 Pro Price,2,Oppo K1,2,Oppo R17,2,P J Harrigan's Bar & Grill,1,Pakistan vs India,1,Presidents Day 2019,1,PRESIDENTS' DAY 2019,1,Promise Day 2019,1,Propose Day 2019,1,PUBG Guide,1,PUBG Mobile,2,PUBG Update,1,Pulwama attack,1,Realme 3,1,Realme U1,2,Red Magic Gaming Phone,1,Redmi Note 7 Pro,1,Reliance,1,Result,1,Rose Day 2019,1,Sad Poetry,1,Saina Nehwal,1,Samsung Galaxy,1,Samsung Galaxy A90,1,Samsung Galaxy M10,1,Samsung Galaxy M40,1,Samsung Galaxy Note 10,1,Sarkari Jobs,4,Science,10,SCO,8,SEO Optimization,3,Shay Mitchell's Instagram Story,1,Shivaji Jayanti in 2019-2020,1,Shivaji Jayanti in 2020-2021,1,Shivaji Jayanti in 2021-2022,1,Shivaji Jayanti in 2022-2023,1,Shivaji Jayanti in 2023-2024,1,Shivaji Jayanti in 2024-2025,1,Slap Day 2019,1,Solar Eclipse,1,Sonia Dhawan’s,1,Sport,18,Statements About Living a Beautiful Life,1,Steve Irwin's 57th Birthday,1,Technology,108,Teddy Day 2019,1,Tips,1,Tomás Carrasquilla,1,Top Google Searches United States,1,Trump's plan,4,Tv Show,1,United Kingdom,1,Valentine Week List 2019,3,Valentine Week List 2020,1,Valentine's Day 14th February 2019,2,Valentines Day 2019,1,Varul News,38,Venus,1,Vivo,1,Vivo Apex 2019,1,Vivo V15 Pro,1,Vivo Z1 Pro,1,Website Script,1,Website Tips,24,WhatsApp Status,4,WhatsApp Status Updates,1,Windows or Linux,1,Winter Solstice 2018,1,Wolf Moon,2,Women's World Cup 2019,6,World Cup,2,World Water Day,1,Worlds News,148,Xiaomi Mi A3,1,Xiaomi Mi Mix 2s Price,1,XIAOMI POCO F1,2,Xiaomi Poco F2,1,Xiaomi Redmi note 7 pro,1,YotaPhone 3,1,Youtube Tricks,3,जीवन सौरभ,1,सैड शायरी,2,हैप्पी गणतंत्र दिवस 2019,1,
ltr
item
LifeStory: SEO, SEM, blogging, Tip's, Latest, Review: Wipro ADS holders need to become direct shareholders to participate in the buyback
Wipro ADS holders need to become direct shareholders to participate in the buyback
IT major Wipro Wednesday said its ADS holders can participate in Rs 10,500 crore-buyback program by becoming a direct shareholder prior to the record date of June 21, 2019.
https://1.bp.blogspot.com/-1dz2BopyQYw/XPfyDAACjwI/AAAAAAAAGEQ/YhHa74CtE3MmOf2FvQ6FfM6PO4nHv9AUwCLcBGAs/s640/Wipro-ADS-holders-need-to-become-direct-shareholders-to-participate-in-the-buyback.jpg
https://1.bp.blogspot.com/-1dz2BopyQYw/XPfyDAACjwI/AAAAAAAAGEQ/YhHa74CtE3MmOf2FvQ6FfM6PO4nHv9AUwCLcBGAs/s72-c/Wipro-ADS-holders-need-to-become-direct-shareholders-to-participate-in-the-buyback.jpg
LifeStory: SEO, SEM, blogging, Tip's, Latest, Review
https://www.lifestorybreking.com/2019/06/wipro-ads-holders-need-to-become-direct.html
https://www.lifestorybreking.com/
https://www.lifestorybreking.com/
https://www.lifestorybreking.com/2019/06/wipro-ads-holders-need-to-become-direct.html
true
2049638059185995779
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy