Wipro Limited has officially confirmed Friday, June 5, 2026, as the record date for its upcoming share buyback program. The initiative, previously approved by the Board and shareholders, involves the buyback of up to 60 crore equity shares. This move represents a total investment of ₹15,000 crore, with shares being acquired at a price of ₹250 per share through the tender offer process to determine eligibility for all participating shareholders.
Buyback Program Details
Following earlier approvals from the Board of Directors and shareholders, Wipro Limited is moving forward with its significant capital return strategy. The company plans to acquire up to 60,00,00,000 (Sixty Crore) fully paid-up equity shares. Each share has a face value of ₹2, and the company has allocated an aggregate amount not exceeding ₹15,000 crore for this buyback initiative.
Determining Shareholder Eligibility
To finalize the list of participants, the company has set June 5, 2026, as the official record date. This date is critical for identifying equity shareholders entitled to participate in the buyback. The buyback will be executed via a proportionate tender offer process at a price of ₹250 per equity share, ensuring a structured approach to returning capital to the company’s investors.
Strategic Capital Allocation
This major buyback announcement underscores the company’s commitment to enhancing shareholder value. By utilizing the tender offer route, Wipro aims to facilitate an efficient exit or adjustment for investors while optimizing its capital structure. Shareholders should ensure their records are updated by the June 5 deadline to participate in the upcoming process.
Source: BSE
