Cyril Amarchand Mangaldas (“CAM“) advised Wipro Limited (“Wipro“) on its recently announced buyback of up to 60,00,00,000 (Sixty Crore only) fully paid-up equity shares of Rs. 2/- (Rupees Two only). The Buyback size is Rs. 150,00,00,00,000/- (Rupees Fifteen Thousand Crores only). The Buyback will be conducted under the “tender offer” route and is subject to the shareholder approval.
The transaction was led by Aditya Prasad, Partner; with support from Rohit Maheshwary, Senior Associate; and Neerali Nanda, Associate.