Public Announcement for BuyBack of Equity Shares
WIPRO · price
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On the reaction day the stock moved 0.9 pts less than Nifty 100 and 1.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Wipro Limited has announced a buyback of up to 60 crore (600 million) fully paid-up equity shares of face value ₹2 each at a price of ₹250 per share, totaling up to ₹15,000 crore (₹15,000 Crore). The buyback represents 5.72% of total paid-up equity capital and is 24.99% (standalone) and 19.99% (consolidated) of aggregate paid-up capital and free reserves. The buyback price offers a 15.22% premium over the 60-day volume weighted average price and 26.67% premium over the 10-day VWAP of ADSs on NYSE. The record date is June 5, 2026, and the buyback will be implemented through a tender offer process on a proportionate basis. ADS holders must convert to equity shares to participate.
The buyback at a 15-27% premium signals management confidence in the company's intrinsic value and provides a floor price for shareholders. It will reduce the total number of outstanding shares, potentially benefiting earnings per share and providing immediate liquidity to participating shareholders at a premium.