Press Release - Wipro issues Public Announcement Regarding Buyback Offer

Buyback Premium Above 10pctCorporate Actions View source PDF

WIPRO · price

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Price reaction · full curve 14 horizons · vs prior close

-2.1%1-day move

₹206.00

prior close

₹206.99

base price

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AI summary

Wipro has announced a buyback of up to 60 crore (600 million) equity shares at ₹250 per share, totaling up to ₹15,000 crore (approximately 24.99% of standalone free reserves). The buyback represents 5.72% of the total paid-up equity capital and is being conducted via a tender offer process. The record date for the buyback is June 5, 2026. The buyback price represents a 15.22% premium to the 60-day VWAP and 26.67% premium to the 10-day VWAP on NYSE. ADS holders must surrender their ADSs by June 2, 2026, to participate.

Likely market impact

The buyback at a ~15-27% premium to market prices is positive for shareholders as it provides an exit opportunity at a guaranteed premium. It signals management confidence in the company's intrinsic value and should support the stock price near-term.