Wipro Ltd share buyback sees Rishad Azim Premji sell 7.62 lakh shares (0.01% stake)

What Wipro announced

Wipro Limited disclosed that on 24 June 2026, Rishad Azim Premji tendered 762,543 equity shares of the company in its ongoing voluntary share‑buyback programme. The tendered shares represent 0.01 % of Wipro’s total share capital. The seller, who belongs to the promoter group, submitted the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The buyback tendering window was open from 11 June to 17 June 2026. The transaction was executed as an off‑market purchase by the company under its authorised buyback plan.

Details of the share buyback

• Number of shares sold: 762,543 (≈ 7.62 lakh)\
• Percentage of total share capital: 0.01 %\
• Date of acquisition/sale: 24 June 2026\
• Mode of acquisition: Shares bought back by the target company (Wipro) under its buyback programme\
• Equity share capital before buyback: Rs 21,00,70,99,594 (≈ Rs 2,100.71 cr)\
• Equity share capital after buyback: Rs 19,80,70,99,594 (≈ Rs 1,980.71 cr)\
• Total diluted share capital after buyback: Rs 19,80,70,99,594\

The seller’s holding before the transaction was 1,35,37,782 shares (0.13 % of total capital). After tendering the 762,543 shares, his holding reduced to 1,27,75,239 shares, still representing 0.13 % of the diluted share capital because the overall capital base also fell.

Persons Acting in Concert (PAC)

Annexure B of the filing lists the individuals and entities that are considered to be acting in concert with Rishad Azim Premji. They are all part of the Premji family or related trusts and trading companies, confirming that the seller is a promoter‑group acquirer. The PAC list includes:

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

Key facts at a glance

Why this matters for investors

The filing is a routine compliance requirement under SEBI’s takeover regulations. It confirms that a promoter‑group member has reduced his shareholding through the company’s buyback, which does not create any new dilution for existing shareholders. The reduction in total equity share capital (≈ Rs 120 cr) reflects the cash outflow from the buyback, but the proportionate ownership of remaining shareholders remains unchanged.

Because the seller is part of the promoter group, the transaction is disclosed to ensure transparency about any change in control‑related holdings. The PAC list shows that the reduction is confined to the promoter family and its associated entities, with no external parties acquiring a material stake.

Investors should note that the buyback was conducted under the terms already approved by the board and shareholders; the disclosure merely records the change in shareholding after the transaction.

Conclusion

Wipro’s buyback on 24 June 2026 resulted in promoter‑group member Rishad Azim Premji selling 762,543 shares, trimming his stake by 0.01 %. The company’s equity share capital fell from roughly Rs 2,100 cr to Rs 1,981 cr, reflecting the cash spent on the buyback. The filing, made on 29 June 2026, satisfies SEBI’s Regulation 29(2) requirements and lists the full set of persons acting in concert with the seller. No further regulatory approvals are pending for this specific share‑sale event.