Wipro buyback: Letter of Offer sent, tender window opens June 11
WIPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty 100 and 0.6 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 has dispatched the Letter of Offer for its buyback of up to 60 crore equity shares at Rs 250 per share, totalling about Rs 15,000 crore. This represents 5.72 percent of paid-up capital. Buyback is through tender offer route on proportionate basis. Small shareholders get 11 shares per 56 held; others get 10 per 197. Tender window is June 11 to June 17, 2026. Record date was June 5.
Positive for shareholders. Eligible shareholders can tender shares at Rs 250 from June 11-17. Buyback may support share price.