Latest News in Finance and Stock Market 20June2023

Wipro Buyback offer of upto 26,96,62,921 of Rs. 445

Wipro buyback of upto 26,96,62,921  fully paid up Equity Shares of the Company of face value of Rs. 2 (Rupees Two only) each at a price of Rs. 445/- (Rupees Four Hundred and Forty Five Only) per Equity Share (“Buyback”)

Buyback Opening Date :Thursday, June 22, 2023

Buyback Closing Date :  Thursday, June 29, 2023

Delta Corp Re-appointment of Mr. Ashish Kapadia as Managing Director

Re-appointment of Mr. Ashish Kapadia as Managing Director of the Company, liable to retire by rotation, for a period of 5 years commencing from 27th April, 2024 and ending on 26th April, 2029

Mr. Ashish Kapadia holds a bachelor’s degree in commerce from Madurai Kamaraj University. Mr. Kapadia has been Managing Director of Delta Corp Limited since April 2009. Under his leadership the company has grown manifold. He has significant experience across sectors such as gaming, hospitality, real estate, paints, textiles, financial services and civil aviation.

Sterlite Technologies prepared for cost-efficient MTCTE testing of optical fibre products

Sterlite announced its readiness to offer testing of optical fibre and cable products, in accordance with the guidelines of the Mandatory Testing and Certification of Telecom Equipment (MTCTE), a taskforce set by the Department of Telecommunications. These products will be tested in STL’s testing labs which have been accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL) and Telecommunications Engineering Centre (TEC).

With 5G, FTTx and Data Centre deployments picking up, India needs to ensure high-quality and secure deployments as this digital infrastructure will shape India’s journey for the next 20-30 years. The latest MTCTE guidelines, which are likely to be rolled out from July 1, 2023, stipulate that all types of telecom equipment listed under phases III and IV be tested and approved by local testing laboratories before they are installed in the network infrastructure.

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