Wipro Limited has informed the Exchange about public Announcement - Buyback of Shares
WIPRO · price
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Wipro Limited has announced a share buyback of up to 60 crore (600 million) fully paid-up equity shares at ₹250 per share, totaling up to ₹15,000 crore. The buyback represents 5.72% of total equity shares and 24.99%/19.99% of standalone/consolidated free reserves respectively. The Record Date is June 5, 2026. The buyback price offers a 15.22% premium over the 60-day volume weighted average price and a 26.67% premium over the 10-day average on NYSE. The buyback will be conducted via tender offer process on a proportionate basis, with 15% reserved for small shareholders holding up to ₹2 lakh in shares.
The buyback at a 15-27% premium signals management confidence in the stock's intrinsic value and provides a direct return to shareholders. It will reduce the company's cash reserves by up to ₹15,000 crore and may provide support to the stock price near the ₹250 level. Shareholders holding ADSs must convert to equity shares by June 2, 2026 to participate.