Wipro buyback reduces Azim Premji’s stake to 4.12% after tender of 2.33 million shares

What Wipro announced

On 26 June 2026, Azim H Premji, a promoter of Wipro Ltd, informed the stock exchanges that he had tendered 2,32,96,670 equity shares of Wipro in the company’s open‑offer buyback. The tendering window ran from 11 June to 17 June 2026. After the buyback, Premji’s shareholding fell to 40,78,60,044 shares, equivalent to 4.12% of the post‑buyback diluted share capital.

Details of the buyback

• Tendered shares: 2,32,96,670 (0.24% of total share capital at the time of tender).
• Pre‑buyback holding: 43,11,56,714 shares (4.10% of total capital).
• Post‑buyback holding: 40,78,60,044 shares (4.12% of total capital).
• Equity share capital before buyback: Rs 21,00,70,99,594.
• Equity share capital after buyback: Rs 19,80,70,99,594.
• Mode of acquisition: Shares bought back by the company under its authorised buyback programme.
• Date of acquisition: 24 June 2026 (date of receipt of intimation).

The reduction in total share capital reflects the shares cancelled as part of the buyback, which in turn slightly increased Premji’s percentage ownership despite the absolute number of shares he sold.

Disclosure under Regulation 29(2) of SEBI SAST Regulations

The filing, made to both BSE and NSE, complies with SEBI’s requirement to disclose any change in shareholding of a promoter or persons acting in concert (PAC). The annexure lists 11 PACs associated with Azim Premji, including family members, trusts, and entities such as Azim Premji Trust, Hasham Investment and Trading Company Private Limited, and Prazim Trading and Investment Company Private Limited.

Key facts at a glance

Why this matters for investors

The buyback reduces the total number of outstanding shares, which can improve earnings per share and return ratios, but the filing does not indicate any change in the strategic direction of the company. For shareholders, the key impact is a modest increase in the promoter’s percentage stake, from 4.10% to 4.12%, without altering control dynamics. The disclosure satisfies regulatory transparency requirements and provides a clear record of the promoter’s shareholding after the transaction.

Conclusion

Wipro’s June 2026 buyback resulted in the cancellation of roughly Rs 1.20 billion worth of shares, lowering the company’s equity capital to Rs 19.81 billion. Azim H Premji’s stake, while reduced in absolute terms, rose slightly in percentage terms to 4.12%. The filing under SEBI Regulation 29(2) lists all related PACs, ensuring compliance and informing the market of the updated shareholding structure. Further corporate actions, if any, will be disclosed in subsequent filings.