Wipro completes Rs 15,000 crore buyback of 60 crore shares

What Wipro announced

Wipro Limited filed a Post‑Buyback Public Announcement with the BSE and NSE on 26 June 2026. The filing confirms that the company has completed the buyback of 60,00,00,000 (sixty crore) fully paid‑up equity shares of face value ₹ 2 each, at a price of ₹ 250 per share. The buyback was carried out on a proportionate basis from all equity shareholders as on the record date of 5 June 2026.

The announcement is made under Regulation 24(vi) of the Securities and Exchange Board of India (Buy‑Back of Securities) Regulations, 2018, as amended. Wipro has enclosed a copy of the post‑buyback announcement for the stock exchanges’ records.

Details of the buyback

• Number of shares bought back: 60 crore (60,00,00,000) shares.
• Buyback price: ₹ 250 per share.
• Total consideration: ₹ 250 × 60 crore = ₹ 15,000 crore.
• Face value of each share: ₹ 2.
• Record date: 5 June 2026 – shareholders on this date were eligible to participate in the tender offer.
• Method: Proportionate tender offer, meaning each eligible shareholder could tender shares in proportion to their holding.
• Regulatory basis: The buyback complies with SEBI’s buy‑back regulations, which require public disclosure, adherence to price caps, and a post‑buyback announcement within a stipulated period.

The tender offer process, although not detailed in the filing, typically involves the company inviting shareholders to submit shares for repurchase at the announced price, subject to a maximum limit of 10 % of the paid‑up capital in any financial year, as per SEBI rules.

Regulatory compliance

The filing references Regulation 24(vi), which mandates that a company must publish a post‑buyback public announcement within 30 days of completing the buyback. The announcement must disclose:

1. Number of shares bought back.
2. Price per share.
3. Total amount spent.
4. Record date and method of the buyback.
5. Impact on the company’s share capital.

Wipro’s submission satisfies these requirements, providing the required figures and confirming that the buyback was executed on a proportionate basis. No further approvals or filings are indicated as pending in the document.

Key facts at a glance

Why this matters for investors

• Share‑capital reduction: The repurchase reduces the total number of issued shares, which can improve per‑share metrics such as earnings per share (EPS) and net asset value per share.
• Cash utilisation: Deploying ₹ 15,000 crore signals that the board believes the shares are undervalued or that the company has excess cash after meeting operational and investment needs.
• No immediate dilution: Unlike a fresh issue of shares, a buyback does not dilute existing shareholders; it can be viewed as a return of capital.
• Regulatory transparency: By filing the post‑buyback announcement, Wipro complies with SEBI’s disclosure norms, providing investors with clear information on the transaction’s size and terms.
• Potential impact on free‑float: The reduction in free‑float shares may affect the stock’s liquidity and could be reflected in the market’s perception of supply‑demand dynamics.

These points are factual observations derived from the filing; they do not constitute a price‑target or recommendation.

Conclusion

Wipro Limited has formally announced the completion of a ₹ 15,000 crore buyback, repurchasing 60 crore shares at ₹ 250 each. The transaction complies with SEBI’s buy‑back regulations and was executed on a proportionate basis for shareholders recorded on 5 June 2026. The buyback reduces the company’s issued share capital, returning cash to shareholders, and the filing satisfies all statutory disclosure requirements. No further regulatory steps are indicated in the announcement.

"The Company has published the Post‑Buyback Public Announcement for the Buyback of 60 crore fully paid‑up Equity Shares at a price of ₹ 250 per share." – Wipro Limited, 26 June 2026