Information technology major Wipro on Tuesday announced that its Rs 15,000-crore share buyback offer will open on June 11 and close on June 17, 2026.
The share buyback marks the first such action announced by the IT major in nearly three years. The company’s board approved the plan to buy back up to 60 crore shares, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore.
Wipro buyback entitlement ratio
Under Wipro's buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 11 equity shares for every 56 equity shares held as of the record date.
For shareholders falling under the general category, the buyback entitlement has been fixed at 10 equity shares for every 197 equity shares held on the record date, the company said in a regulatory filing
Wipro buyback important dates
As per the buyback schedule, June 17 is the last date for shareholders to submit completed tender forms and other required documents, including physical share certificates where applicable, to the registrar.
The registrar will complete the verification of tendered shares by June 19, 2026. Thereafter, the final acceptance or rejection of shares tendered under the buyback will be communicated to the stock exchanges by June 23, 2026.
Wipro buyback eligibility
Wipro had fixed June 5 as the record date for its Rs 15,000 crore share buyback. Shareholders who held the company's shares in their demat accounts as of the record date became eligible to participate in the buyback and tender their shares.
Eligible shareholders can tender shares through stock brokers registered with either the BSE or NSE during the buyback window. Participants are required to submit details of the number of shares they wish to offer through their respective brokers.
Wipro buyback route
The buyback will be done via the tender route, and all shareholders on the record date, including those who received the equity shares after cancelling their American Depository Receipts (ADR), will be eligible to take part in the corporate action. Wipro added that promoters and promoter groups have indicated their intention to participate in the proposed buyback.
Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate.
Wipro share price performance
Amid sharp selloff fueled by AI-led disruption fears, Wipro shares are down 29% in the last six months and about 32% since the beginning of the year.
The company reported a 2% fall in its consolidated net profit at Rs 3,502 crore in the fourth quarter. Revenue from operations, meanwhile, increased 8% YoY to Rs 24,236 crore.
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