Wipro buyback sees 0.11% share tendered by Prazim Trading, reducing capital by Rs 120 crore

What Wipro announced

Wipro Limited disclosed, on 29 June 2026, that it had accepted 1,09,11,016 equity shares tendered by Prazim Trading and Investment Company Private Limited under its ongoing share‑buyback programme. The tendered shares represent 0.11 % of Wipro’s total share capital. The acceptance was recorded as part of the buyback’s tendering period of 11 June 2026 to 17 June 2026.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The filing includes a detailed breakdown of the shareholding before and after the transaction, as well as a list of Persons Acting in Concert (PAC) linked to the seller.

Details of the share tender and capital impact

• Number of shares tendered: 1,09,11,016 equity shares.
• Percentage of total share capital: 0.11 % (both on a basic and diluted basis).
• Tendering window: 11 June 2026 – 17 June 2026.
• Date of acquisition recorded: 24 June 2026.
• Equity share capital before the buyback: ₹ 21,00,70,99,594.
• Equity share capital after the buyback: ₹ 19,80,70,99,594.
• Net reduction in equity capital: Approximately ₹ 120 crore.

The reduction in equity capital reflects the shares that were cancelled as part of the buyback. The filing notes that the total diluted share/voting capital after the transaction remains ₹ 19,80,70,99,594, indicating no outstanding convertible securities or warrants that would affect the diluted count.

Persons Acting in Concert (PAC) linked to the seller

Annexure B of the filing lists the acquirer (Prazim Trading) and its associated PACs, all of which are classified as promoters of Wipro. The PACs include:

1. Azim Premji – Promoter
2. Yasmeen A Premji – Promoter
3. Rishad Azim Premji – Promoter
4. Tariq Azim Premji – Promoter
5. Mr. Azim Hasham Premji – Partner representing Hasham Traders (Promoter)
6. Mr. Azim Hasham Premji – Partner representing Prazim Traders (Promoter)
7. Azim Premji Trust – Promoter
8. Hasham Investment and Trading Company Private Limited – Promoter
9. Azim Premji Philanthropic Initiatives Private Limited – Promoter
10. Mr. Azim Hasham Premji – Partner representing Zash Traders (Promoter)

The inclusion of these entities underscores that the seller is part of the broader promoter group, which is relevant for regulatory monitoring of shareholding concentration.

Key facts at a glance

Why this matters for investors

The filing provides a transparent record of a minor yet material change in Wipro’s shareholding structure. Because the seller is part of the promoter group, the transaction does not alter the overall promoter holding percentage in any significant way, but it does reduce the total number of outstanding shares and the equity capital base by roughly ₹ 120 crore. This reduction can affect per‑share metrics such as earnings per share (EPS) and net asset value, although the impact is proportionate to the modest 0.11 % share reduction.

From a regulatory standpoint, the disclosure satisfies SEBI’s requirement to notify the market of any acquisition or disposal that crosses the 0.1 % threshold. The detailed PAC list ensures that the exchange and regulators can monitor any potential concentration of voting power among related parties.

Investors should note that the buyback was conducted off‑market, as indicated by the mode of acquisition (“Shares bought back by TC under its buyback program”). No cash consideration or pricing details are disclosed in the filing; the buyback terms were previously announced by Wipro in its broader buyback programme.

Conclusion

Wipro’s buyback programme resulted in the cancellation of 1.09 crore shares tendered by Prazim Trading and Investment Co Ltd, trimming the company’s equity share capital by about ₹ 120 crore. The transaction, representing 0.11 % of the total share capital, was disclosed under SEBI Regulation 29(2) on 29 June 2026 and involved a promoter‑linked seller and its associated PACs. The filing completes the regulatory requirement; no further approvals are pending for this specific share‑sale event.