Wipro Announces Buyback of 60 Crore Shares Worth ₹15,000 Crore at ₹250/Share
Wipro Limited announced a buyback of 60 crore equity shares at ₹250 per share, totaling ₹15,000 crore. The Record Date is June 5, 2026. This buyback represents up to 5.72% of the company's equity share capital.
A large-scale buyback of this magnitude can significantly impact the company's capital structure, earnings per share, and stock price.
The buyback indicates the company's commitment to returning value to shareholders and reflects confidence in its financial health.
Wipro Limited has announced a buyback of up to 60,00,00,000 (Sixty Crore) equity shares, each with a face value of ₹2, at a price of ₹250 per share. This buyback, approved by the Board of Directors on April 16, 2026, and shareholders on May 21, 2026, will amount to a total of ₹1,50,00,00,00,000 (Rupees Fifteen Thousand Crore).
The buyback will be conducted through the tender offer process. The Record Date for determining the eligible shareholders is June 5, 2026, as announced on May 25, 2026. This buyback size represents approximately 5.72% of the total equity share capital of the company. The Buyback Price of ₹250 per share is a premium of 15.22% to the volume-weighted average market price of its American Depository Shares (ADSs) on the NYSE for the sixty trading days preceding April 9, 2026, and a 26.67% premium for the ten trading days preceding the same date.
Holders of Wipro Limited American Depository Shares (ADSs) will need to convert their ADSs to equity shares and establish a brokerage account in India to participate in the buyback. The process for converting ADSs and tendering shares has specific deadlines and procedures, and holders are advised to consult their financial and tax advisors. The company has provided detailed information on tax implications for both Indian and non-resident shareholders, noting that under current Indian tax laws, buyback proceeds are treated as capital gains for shareholders.
What to do with a filing like this
Wipro Limited filed this with the NSE as a statutory disclosure, categorised under buyback announcement. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Wipro Limited. Read the original for the full detail.