Wipro Limited Announces Buyback Proposal of Equity Shares
Wipro Limited has announced a proposal to buy back up to 60,00,00,000 fully paid-up equity shares of its company. The buyback, payable through a tender offer process, is valued at an aggregate amount of up to ₹1,50,00,00,00,000 (Rupees Fifteen Thousand Crore only).The Board of Directors and shareholders approved the buyback, proposing to purchase equity shares with a face value of ₹2/- (Rupees Two only) each at a fixed price of ₹250/- (Rupees Two Hundred and Fifty only) per Equity Share, paid in cash.
The buyback is structured as a proportionate tender offer, meaning the final number of shares purchased by the company from each eligible shareholder will be based on their proportional holding. The Record Date for determining eligible shareholders is set as June 5, 2026.
Buyback Summary Details
The core transaction details of the buyback are as follows:| Parameter | Detail |
|---|---|
| Maximum Shares to be Buybacked | 60,00,00,000 (Sixty Crore) Equity Shares |
| Face Value Per Share | ₹ 2/- (Rupees Two only) |
| Buyback Price Per Share | ₹250/- (Rupees Two Hundred and Fifty only) |
| Aggregate Buyback Value | Up to ₹1,50,00,00,00,000/- (Rupees Fifteen Thousand Crore only) |
| Payment Method | Cash |
The company confirmed that the maximum number of equity shares proposed to be bought back (up to 60,00,00,000) does not exceed 25% of the total paid-up equity capital and free reserves as of March 31, 2026. Similarly, the aggregate amount of the buyback does not exceed 25% of the aggregate of the total paid-up capital and free reserves.
American Depositary Shares (ADS) Holders
For American Depositary Shares (ADSs) holders, participation in the buyback requires the withdrawal of underlying Equity Shares. Holders of ADSs will not be eligible to tender the ADSs directly. To participate, they must establish an account in India and surrender the corresponding ADSs to the Depositary for cancellation, ensuring the underlying Equity Shares are withdrawn into a Brokerage Account in India before the specified deadline.The Buyback Price for U.S. securities is based on an exchange rate of ₹ 92.25/USD as published by the Federal Reserve Board of Governors on April 8, 2026.
Historical Share Transaction Data
The company provided detailed records of previous share transactions, including bonus issues and buybacks, involving major shareholders and institutional entities.Buyback/Bonus History: Hasnam Investment and Irina India Co. Private Limited
| Date of Transaction | Nature of Transaction | Equity Shares | Value | Price (₹) | Consideration |
|---|---|---|---|---|---|
| July 7, 2015 | Others received approved scheme of amalgamation | 4,17,623 | |||
| June 15, 2017 | Bonus | 2,990 | |||
| March 8, 2019 | Bonus | 3,10,35% | |||
| December 10, 2024 | Bonus | 13,55,953 | |||
| Total | 27,11,906 |
Bonus/Buyback History: Azim Premji Philanthropic Initiatives Private Limited
| Date of Transaction | Nature of Transaction | No. of Equity Shares | Face Value | Issuer/Acquisitor Price (₹) | Consideration |
|---|---|---|---|---|---|
| June 15, 2017 | Bonus | 86,60,36311) | |||
| March 8, 2019 | Bonus | 52,02,052 | |||
| December 10, 2024 | Bonus | 1,38,62,415 | |||
| Total | 27,24,8504 |
Buyback/Bonus History: Azim Premji Trust
| Date of Transaction | Nature of Transaction | No. of Equity Shares | Value | Cash Over Which (₹) |
|---|---|---|---|---|
| March 8, 2019 | Bonus | 14,87,92,9831) | ||
| December 10, 2024 | Bonus | 53,15,92,983 | ||
| Total | 68.05,85,9004 |
Transaction History: Prazim Trading and Investment Company Private Limited
| Date of Transaction | Nature of Transaction | No. of Allotted | ||
|---|---|---|---|---|
| November 03, 2024 | Traders and Zash Traders | 49,04,120 | ||
| December 10, 2024 | Bonus | 8,49,54,128 | ||
| June 9, 2025 | Block Trade inter-se purchase Azim Premji Trust | 2,30,00,000 | 250 | Cash |
| 19,31,00,250 |
Tax and Procedural Notes
The buyback is a taxable event in India. Under the new tax regime effective from the financial year 2026-27, capital gains are calculated by finding the difference between the buyback price and the original cost of acquiring the shares.For U.S. holders, the Buyback is subject to tender offer laws and regulations in India, which differ from those in the U.S.
The document advises that all shareholders, especially those participating in the buyback, consult their own tax and legal advisors regarding tax implications.
WIPRO Stock Price Movement
Today, Wipro Limited shares edged higher, closing at ₹206.84 and rising 1.42% for the session. The stock maintained solid momentum throughout the day, supported by robust trading activity that pushed the total volume to 72.04 million shares.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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