Buyback16 Apr 2026, 04:27 pm
Wipro Board approves ₹15,000 Cr share buyback at ₹250/share
AI Summary
Wipro's Board of Directors approved a share buyback program for up to 60 crore equity shares, representing 5.7% of the total paid-up capital. The buyback price is set at ₹250 per share, amounting to an aggregate value not exceeding ₹15,000 crore. The buyback will be conducted via a tender offer route, subject to shareholder approval through a postal ballot. Promoters and promoter group members intend to participate. Additionally, the Board approved the financial results for the quarter and year ended March 31, 2026, and re-appointed Ms. Tulsi Naidu as an Independent Director for a second term.
Key Highlights
- Board approved a share buyback of up to ₹15,000 crore.
- Buyback price set at ₹250 per equity share.
- Up to 60 crore shares, or 5.7% of total capital, to be bought back.
- Promoters intend to participate in the tender offer route.
- Financial results for Q4/FY26 and director re-appointment also approved.