Wipro Buyback: Linear Payoff Structure with Acceptance Sensitivity
Wipro Limited has announced a ₹15,000-crore buyback at ₹250 per share, implying a ~19% premium to the CMP of ₹210. The buyback covers 5.7% of equity, with 15% reserved for retail investors. While the size is meaningful, the moderate premium limits pure arbitrage potential.Based on our analysis (8...
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