BuybackMay 21, 2026, 04:08 PM
Wipro Shareholders Approve 15,000 Crore Share Buyback
AI Summary
Wipro Limited announced that its shareholders have approved three special resolutions via postal ballot through remote e-voting. The key approval is for a share buyback program of up to 60 crore equity shares at a price of 250 per share, totaling an aggregate amount not exceeding 15,000 crore. Additionally, shareholders approved the re-appointment of Ms. Tulsi Naidu as an Independent Director for a second 5-year term and the appointment of Ms. Laura Marie Miller as an Independent Director for a 5-year term.
Key Highlights
- Shareholders approved the buyback of equity shares of the Company.
- Buyback of up to 60 crore equity shares, representing 5.72% of total paid-up capital.
- Buyback price set at 250 per equity share.
- Aggregate buyback amount not exceeding 15,000 crore.
- Buyback will be conducted via the tender offer route, reserving 15% for small shareholders.
- Re-appointment of Ms. Tulsi Naidu as Independent Director for a second 5-year term approved with 99.55% assent.
- Appointment of Ms. Laura Marie Miller as Independent Director for a 5-year term approved with 99.81% assent.
- All special resolutions were passed by shareholders with requisite majority through remote e-voting.
Price Impact
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