Software major Wipro on Thursday announced a proposal to buy back 34.37 crore shares of the company for an amount of `11,000 crore. In June, 2016, the Bengaluru-based company had completed a buy back of shares worth Rs 2,500 crore.The Wipro offer represents 7.06% of the fully paid up equity capital of the company. Shares will be bought back at `320 apiece, which is nearly 19% higher than the stock’s closing price on BSE on Thursday of Rs 269.The stock has hit a 52-week high of Rs 283.93 and a 52-week low of 205.Should the Wipro buyback be successful, India would have completed close to Rs 40,000 crore in 2017.This would be the highest amount ever raised via buybacks; in 2016, buybacks worth Rs 27,000 crore were completed.