Wipro Buyback To Open On June 11
Wipro’s Rs 15,000-crore share buyback offer will open on June 11 and close on June 17, with the IT major setting the buyback price at Rs 250 per equity share.
Wipro Share Buyback Details
The company will buy back up to 60 crore equity shares through the tender offer route. The record date for determining eligible shareholders was June 5, 2026.
The buyback represents around 5.7% of Wipro’s total paid-up equity share capital. It is being funded through internal accruals and reserves, as part of the company’s plan to return capital to shareholders.
Wipro Buyback Entitlement Ratio
For small shareholders, the entitlement ratio has been fixed at 11 shares for every 56 shares held on the record date. Small shareholders are those whose holding value did not exceed Rs 2 lakh as of the record date.
For general category shareholders, the entitlement ratio has been set at 6 shares for every 589 shares held. Eligible shareholders can tender shares during the offer period through the prescribed process.
Wipro Buyback Price And Stock Impact
The buyback price of Rs 250 per share was announced at a premium to Wipro’s market price at the time of approval. The stock later turned ex-record date on June 5, after which it saw selling pressure.
Promoters and promoter group entities have indicated their intention to participate in the buyback. The offer is Wipro’s largest buyback so far and comes after its previous share repurchase nearly three years ago.
