Following TCS, Wipro announces Rs 9,500 crore share buyback

BENGALURU: Bengaluru-headquartered IT services firm Wipro Ltd followed rival Tata Consultancy Services (TCS) into announcing a share buyback on Tuesday. The company said that it would buyback shares worth Rs 9,500 crore, representing 4.32 per cent of its total paid-up equity capital or 237.5 million equity shares. This comes just a week after TCS announced a similar plan for Rs 16,000 crore.