Wipro Announces Buyback of Up to 60 Crore Shares at ₹250 Per Equity Share
Wipro Limited announced a public buyback offer for its equity shares on May 25, 2026. The buyback aims to repurchase up to 60,00,00,000 fully paid-up equity shares of the company for an aggregate value of up to ₹ 1,50,00,00,00,000.The company, a leading AI-powered technology services and consulting firm, announced the plan in a public announcement providing detailed parameters for the buyback. The offer proposes purchasing shares at a fixed price of ₹ 250 per Equity Share, which has a face value of ₹ 2 each.
The buyback is structured to be conducted through a tender offer process. The offer is predicated on the shares held by participants as of the Record Date, set for June 5, 2026.
The total potential buyback size of ₹ 1,50,00,00,00,000 represents significant percentages of the company's financial structure:
| Metric | Percentage of Total | Financial Basis |
|---|---|---|
| Fully Paid-up Equity Share Capital | 24.99% | As per audited financials for year ended March 31, 2026 |
| Free Reserves | 19.99% | As per audited financials for year ended March 31, 2026 |
These 60 crore shares represent up to 5.72% of the total existing paid-up Equity Share capital of Wipro Limited.
Participation Details
The buyback will be conducted in cash through a proportionate basis tender offer route.Holders of American Depositary Shares (ADSs) trading on the New York Stock Exchange (NYSE) must submit their ADSs to JPMorgan Chase Bank, N.A., serving as the ADS Depositary, for cancellation. This cancellation must occur by 12:00 noon New York City time on June 2, 2026, to ensure participation as a direct shareholder as of the Record Date.
The company noted that the Buyback Price of ₹ 250 per share is payable in Indian Rupees. Investors are advised to review prevailing foreign exchange rates and consult with their own financial and tax advisors regarding the implications of participating in the buyback.
Wipro Limited provided details regarding the buyback process in a public announcement titled 'Wipro issues Public Announcement Regarding Buyback Offer.'
WIPRO Stock Price Movement
On Monday, Wipro Limited shares edged higher, rallying 1.42% to close at ₹206.84. The equity saw robust investor interest, with over 72.04 million shares traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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