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Wipro plans shares buyback using 25-30% of cash

Wipro plans shares buyback using 25-30% of cash

Wednesday, March 1, 2017, 2:57 PM

Wipro is likely to take up a capital return policy for its shareholders.Wipro has told CNBC-TV18 that it has a well-articulated payout policy and the Board is evaluating its approach towards a payout on an ongoing basis. The company wants to use 25-30 percent of its cash reserves as shareholders return over the next three years.
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