1. WIPRO SHARE BUYBACK Presented by: Group 9 Sakshi Khare Unnati verma
Sahil waghmare
Shraddha joshi
Pranav sehgal
Riya singh rathore

2. ABOUT WIPRO
Wipro Limited is a global Information Technology Services provider.
It operates through two segments: IT services and IT products.
It has a market share of 1,40,899.33
Share price of Wipro as on 24th august: INR

3. WHAT IS BUYBACK?
Share buy back refer to the repurchasing of shares of stock by the company that issued them.
It occurs when the company purchases the share from the shareholders at the market value per share
The company re-absorbs that portion of its ownership that was previously distributed among public and private investors.
The main aim of shares repurchase might be to reduce the number of shares in circulation in order to improve the share price.
Wipro announced larger than expected share buyback of 11,000 crore at a high premium of 24%

4. MARKET SHARE OF WIPRO AND IT’S COMPETITORS
TCS: 4,92, crores
INFOSYS:2,28, crores
WIPRO: 1,40, crores

5. REASONS FOR BUYBACK
Buying back of shares is a way to pay off the investors and reduce the overall cost of capital
When the stock is undervalued, the issuing company repurchases some of its shares at this reduced price and then re-issues them once the market has corrected, thereby increasing its equity capital without issuing any additional shares
Buying back stock can also be an easy way to make a business look more attractive to investors. 
This decision mirrors a trend followed by other domestic IT companies to keep investors faith in the stock due to challenges in the business, pricing pressures and protectionist policies by US president.

6. BENEFITS OF BUYBACK
Wipro shares gained as much as 8.2%, it’s biggest gain in 4 years
Wipro’s dollar revenue inched upto 0.9% sequentially to $1.9 billion
The company reported a 4.1% sequntial growth in BFSI
Wipro’s stock gained 6.5% a day after it announced the buyback of it’s shares.
For the September quarter, it expects either a drop of 0.5% or an increase of 1.5% in the revenue, which is modest considering that the quarter has historically shown stellar growth for Indian exporters.

7. CONCLUSION
Spokesperson from Wipro told "Wipro Limited has always strived to enhance shareholder value for its investors. The Board is considering a proposal of share buy-back . The proposal is in line with the company's philosophy to provide regular, stable and consistent returns to shareholders”.

8. THANK YOU