What is known about Wipro's ₹15,000 cr buyback at 40% premium?

Wipro on Thursday launched its ₹15,000-crore share buyback, offering shareholders ₹250 per share, a nearly 40% premium over current market price. Buyback will remain open until June 17. The entitlement ratio differs for retail and general category investors. Only those who held Wipro shares on June 5, can participate in the buyback. Selected shareholders will be paid by June 24.