Wipro Launches ₹15,000 Crore Share Buyback Initiative

Wipro has announced a significant ₹15,000 crore share buyback, marking its first such initiative in nearly three years. The buyback will take place from June 11 to June 17, 2026, with specific entitlement ratios for different shareholder categories. Small shareholders can tender shares at a ratio of 11 for every 56 held, while general shareholders can offer 10 for every 197 shares. The record date for eligibility is set for June 5, 2026. This move is part of Wipro's strategy to reward shareholders and optimize capital allocation. Stay tuned for more details on participation and important dates.

By Narendra Chaudhary Jun 9, 2026, 11:29 IST

Overview of Wipro's Buyback Plan

Wipro has revealed the schedule for its ₹15,000 crore share buyback, which is set to commence on June 11, 2026, and will conclude on June 17, 2026. This marks the company's first buyback in nearly three years. The board has sanctioned the repurchase of up to 60 crore equity shares, representing approximately 5.7% of its paid-up capital. The total buyback amount will not exceed ₹15,000 crore.

Under the buyback program, Wipro has established distinct entitlement ratios for various categories of shareholders. For small shareholders, the entitlement ratio is set at 11 shares for every 56 shares held as of the record date. In contrast, shareholders in the general category can tender 10 shares for every 197 shares held on the record date, as per the company's regulatory announcement. This entitlement ratio indicates the minimum number of shares eligible shareholders can offer during the buyback.

Key Dates for the Buyback

The buyback period will be open from June 11 to June 17, 2026. Shareholders wishing to participate must ensure that all necessary documents, including tender forms and physical share certificates where applicable, are submitted before the deadline. After the offer closes, the registrar is expected to finalize the verification of the tendered shares by June 19. The final status regarding the acceptance or rejection of shares submitted for the buyback will be communicated to stock exchanges by June 23, 2026.

Eligibility for Participation

Wipro has set June 5, 2026, as the record date to determine which shareholders are eligible to participate. Investors whose names are recorded in the company's records and who held shares in their demat accounts on that date can take part. Eligible shareholders can submit their shares through brokers registered with either the NSE or BSE during the buyback period. Investors must inform their brokers of the number of shares they wish to tender.

The company has opted for the tender offer method for the buyback execution. Wipro has confirmed that all shareholders on the record date, including those who acquired shares after canceling their American Depository Receipts (ADR), are eligible to participate. Additionally, members of the promoter group have indicated their intention to join in the buyback.

Understanding Share Buybacks

A share buyback is a corporate strategy where a company repurchases its own shares from existing shareholders, often at a price above the current market value. Such initiatives are typically seen as a means to reward shareholders and enhance capital management.