BuybackJun 9, 2026, 04:06 PM
Wipro to Buy Back 60 Crore Shares for ₹15,000 Crore
AI Summary
Wipro Limited has announced a buyback program for up to 60 crore equity shares at a price of ₹250 per share, totaling ₹15,000 crore. This represents 5.72% of the company's total equity share capital. The buyback size is within the statutory limit of 25% of paid-up capital and free reserves. The buyback period will run from June 11, 2026, to June 17, 2026, with a record date of June 5, 2026. The company has submitted the Letter of Offer and Tender Form to relevant authorities and will make them available on its website.
Key Highlights
- Wipro announces buyback of up to 60 crore equity shares at ₹250 per share.
- Total buyback consideration is ₹15,000 crore.
- Buyback represents 5.72% of the total equity share capital.
- Buyback size is 24.99% of paid-up capital and free reserves (standalone).
- Buyback size is 19.99% of paid-up capital and free reserves (consolidated).
- Buyback opens on June 11, 2026, and closes on June 17, 2026.
- Record date for determining eligibility is June 5, 2026.
Price Impact
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