BuybackMay 26, 2026, 04:08 PM
Wipro Announces 15,000 Cr Buyback of 60 Cr Shares at 250/Share
AI Summary
Wipro Limited announced a public buyback offer for up to 600 million fully paid-up equity shares at a price of 250 per share, totaling 15,000 crore. This represents up to 5.72% of the total equity shares and 24.99% of the company's equity capital and free reserves as of March 31, 2026. The buyback, approved by shareholders, aims to return surplus funds, enhance shareholder returns, and improve financial ratios like EPS and Return on Equity. ADS holders must cancel their ADSs by June 2, 2026, to participate.
Key Highlights
- Company to buy back up to 600,000,000 equity shares.
- Buyback price set at 250 (US$2.71) per equity share.
- Total buyback size is 15,000 crore (US$1.63 billion).
- Represents up to 5.72% of total equity shares.
- Buyback size is 24.99% of standalone equity capital and free reserves as of March 31, 2026.
- Record date for the buyback is June 5, 2026.
- Buyback price offers a 28.51% premium over 10-day volume weighted average market price on NSE.
- Post-buyback, standalone basic EPS is projected to increase to 12.28 from 11.59.
- Return on Net Worth (standalone) is expected to rise to 24.92% from 19.05%.
Price Impact
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