Wipro share price gained 3 percent at open on December 23. Wipro said it has signed a USD 700 million deal with Metro AG that will see over 1,300 staff of the German wholesaler move to the Indian firm.
“The estimated deal value for the duration of the first 5 years is approximately USD 700 million. With the intention to extend up to 4 additional years, it can be a potential spend of up to USD 1 billion,” Wipro said in a statement.
The IT major said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021.
News Source:- Moneycontrol