Wipro launched its ₹15,000-crore share buyback program on June 11, 2026. The offer will remain open until June 17, 2026. The IT major plans to repurchase up to 600 million equity shares. This volume accounts for approximately 5.72% of the company's total paid-up equity share capital.
The buyback price is fixed at ₹250 per share. This rate represents a significant premium over the current market price. Wipro aims to return surplus funds to shareholders while reducing its equity base. The company expects this reduction to improve financial metrics such as earnings per share and return on equity.
The entitlement ratio for small shareholders is 11 shares for every 56 held. For the general category, the ratio is 10 shares for every 197 held.