StockWatch
·
Computers - Software & Consulting
Buyback9 Jun 2026, 07:31 am

Wipro Announces Buyback Offer Price of ₹250 per Share

AI Summary

Wipro Limited has announced a buyback offer for up to 60 crore equity shares at a price of ₹250 per share, totaling an aggregate consideration of ₹15,000 crore. This buyback represents 5.72% of the company's total equity share capital. The offer is being made to all eligible shareholders as of the record date, June 5, 2026, on a proportionate basis through the tender offer route. The buyback size is within the statutory limit of 25% of the company's aggregate paid-up capital and free reserves. The Letter of Offer and Tender Form are available on the company's website and other relevant platforms.

Key Highlights

  • Wipro launches buyback of up to 60 crore shares.
  • Buyback price set at ₹250 per equity share.
  • Total buyback value amounts to ₹15,000 crore.
  • Offer valid for eligible shareholders as of June 5, 2026.
  • Buyback is within statutory limits and uses tender offer route.