Why Premji’s stake in Wipro rose even after share sale
Premji’s group sold 7300 crore shares in buyback
Wipro to acquire US-based ITI for USD 45 million. Similar is the case with HCL. With Rishad Premji steering the company it will be good to add Wipro in watchlist.
Their freecash flow was 11760 cr - 10500 cr (buyback) = 1260 cr