Wipro Limited has informed the Exchange regarding a press release dated May 25, 2026, titled "Wipro issues Public Announcement Regarding Buyback Offer".
WIPRO · price
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Wipro has announced a buyback of up to 60 crore (600 million) equity shares at ₹250 per share, representing a total consideration of up to ₹15,000 crore. This buyback represents 5.72% of the company's total paid-up equity share capital and 24.99% of standalone free reserves. The buyback price carries a 15.22% premium to the 60-day VWAP and 26.67% premium to the 10-day VWAP of ADSs on NYSE. The record date for eligibility is June 5, 2026, and the process will follow the tender offer route under Indian regulations.
The buyback offers shareholders a significant premium over recent market prices, providing an attractive exit opportunity. This is generally positive for remaining shareholders as it signals management confidence and is expected to support the stock price, though it reduces the company's cash reserves by up to ₹15,000 crore.