Wipro Limited has announced a major share buyback program, with the Board of Directors and shareholders approving the repurchase of up to 60 crore fully paid-up equity shares. This initiative, valued at ₹15,000 crore, will be executed through a tender offer process at a price of ₹250 per share. The record date for determining eligible shareholders is set for June 5, 2026, as the company looks to return capital to its investors.
Buyback Details and Pricing
Wipro Limited is set to initiate a buyback of up to 60,00,00,000 (Sixty Crore) equity shares, representing approximately 5.72% of the company’s total outstanding shares. The buyback price has been fixed at ₹250 per share, resulting in a total aggregate outlay of ₹15,000 crore. This amount constitutes 24.99% of the company’s total paid-up equity share capital and free reserves based on standalone financial statements as of March 31, 2026.
Shareholder Participation and Timeline
The buyback will be executed via the tender offer process on a proportionate basis. Shareholders holding equity shares as of the record date of June 5, 2026, will be eligible to participate. Investors are encouraged to review the upcoming Letter of Offer, which will be dispatched to shareholders within two working days of the record date, for comprehensive terms and conditions.
Guidance for American Depository Share (ADS) Holders
Holders of American Depository Shares (ADSs) cannot tender their holdings directly in the buyback. To participate, ADS holders must convert their holdings into equity shares by submitting a withdrawal request to the depositary. It is critical that this process is completed sufficiently in advance, as the withdrawal must occur at least three New York business days prior to the June 5, 2026, record date. Investors are advised to consult with their own financial and tax advisors regarding the implications of this conversion and the potential tax consequences, as the buyback is treated as a taxable transaction for shareholders.
Tax Considerations
Following recent legislative amendments effective April 1, 2026, income tax on buybacks is now levied directly on shareholders. Proceeds are treated as Capital Gains, with the applicable tax rates determined by the shareholder’s holding period. Shareholders are urged to carefully review the tax disclosure materials provided by the company, as the tax impact varies based on individual residency status and specific investment conditions.
Source: BSE
