Wipro Limited has officially announced a massive ₹15,000 crore share buyback program. The company will purchase up to 60 crore equity shares at a price of ₹250 per share. This buyback, conducted through a tender offer process, represents approximately 5.72% of the company’s total paid-up equity shares. The record date for determining eligible shareholders is set for June 5, 2026, signaling a significant capital return strategy for investors.
Details of the Share Buyback
Wipro Limited has confirmed the launch of a share buyback program with an aggregate value of up to ₹15,000 crore. The company intends to acquire up to 60,00,00,000 (60 crore) fully paid-up equity shares. Each share will be purchased at a price of ₹250, offering a substantial return to shareholders. This Buyback Size accounts for 24.99% and 19.99% of the company’s aggregate paid-up equity share capital and free reserves as of March 31, 2026.
Participation and Timeline
The buyback will be executed via a tender offer process, open to all shareholders recorded as of the June 5, 2026, record date. Holders of American Depositary Shares (ADSs) wishing to participate must note that they are required to convert their holdings into direct equity shares before the record date. Specifically, ADS holders must submit their holdings to the depositary for cancellation and withdrawal of underlying shares no later than 12:00 noon New York City time on June 2, 2026.
Strategic Context
This initiative underscores Wipro’s commitment to returning capital to its shareholders. The buyback price of ₹250 per share represents a significant premium over recent market averages, reflecting the board’s confidence in the firm’s long-term value. Investors are encouraged to review all official offer documents, which will be distributed to shareholders of record, and to consult with financial and tax advisors regarding the implications of participating in this corporate action.
Source: BSE
