Wipro has announced a Rs 15,000 crore share buyback. The record date is June 5, with shares to be repurchased at Rs 250 each. This offers a premium to investors. Analysts suggest participation for potential short-term gains. A portion is reserved for small shareholders, with an expected high acceptance ratio. Promoters will also participate.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is