Wipro Limited has informed the Exchange about public Announcement - Buyback of Shares

Buyback at over 10% premiumCorporate Actions View source PDF Explain this filing

WIPRO · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹206.00

prior close

₹206.99

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.9% vs market

Computers - Software & Consulting peers, median of 68sector-0.2%-1.0% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.4-0.9-0.2-1.0

Next day

-2.1-0.1-2.0-0.4-1.7

-0.9-1.6+0.7-0.9+0.0

+0.2-2.4+2.7-0.7+1.0

+2.0-2.0+4.0+0.8+1.2

-1.0-2.4+1.4-0.9-0.1

-3.9-2.4-1.4-1.4-2.5

15d

-10.5+0.6-11.1-0.8-9.7

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-13.4+0.3-13.8+0.1-13.5

-13.8+1.6-15.4-1.5-12.3

UpDownMarket · Nifty 100Sector · Computers - Software & Consulting peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.