Rs 15,000 Crore Buyback: Wipro announces share repurchase at 19% premium; check price, route and key details

Wipro Buyback 2026: Wipro Ltd has announced a large share buyback along with its results for the quarter ended March 31, 2026. The move came after the board meeting held between April 15 and April 16, 2026.

Buyback size and price

The company informed the exchanges in a filing that its board has approved a buyback of up to 60 crore fully paid-up equity shares. This is about 5.7 per cent of its total paid-up equity share capital.

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The buyback will be at a price of Rs 250 per share. The total buyback size will not exceed Rs 15,000 crore.

This amount does not include additional costs like taxes, brokerage, filing fees, advisory charges and other related expenses.

Wipro shares closed today at Rs 210.15 on NSE, up 0.19 per cent.

At the buyback price of Rs 250, the offer implies a premium of Rs 39.85 per share, which is about 19 per cent over the closing price.

Route and structure of buyback

The buyback will be done through the tender offer route. It will follow SEBI Buy-Back Regulations, 2018, and provisions of the Companies Act, 2013.

It will be offered to existing shareholders on a proportionate basis as of the record date. This includes investors who hold shares after cancelling American Depository Receipts and converting them into equity shares.

Promoter participation and approvals

Members of the promoter and promoter group have indicated that they may participate in the buyback.

The proposal still needs approval from shareholders through a special resolution. This will be done via postal ballot.

The company will announce the record date, timeline and other details later through official disclosures.

Wipro has set up a committee to oversee and carry out the buyback process. The committee will take care of all the steps, approvals, and compliance requirements set by SEBI. The public announcement and letter of offer will also include the details of the buyback, as required by law.

Buyback size and price

The company informed the exchanges in a filing that its board has approved a buyback of up to 60 crore fully paid-up equity shares. This is about 5.7 per cent of its total paid-up equity share capital.

A buyback is when a company buys its own shares from the market.

In simple words, the company takes back some of its shares from existing shareholders. It usually pays a fixed price for these shares, which is often higher than the current market price.

The main idea is to reduce the number of shares available in the market. When total shares go down, each remaining share can become more valuable. It can also improve earnings per share because profits are now divided among fewer shares.

Wipro Q4 results highlights

IT major Wipro reported a rise in net profit for the March quarter, coming in slightly ahead of Street expectations. The performance was supported by improved margins and a favourable base.

Net profit stood at Rs 3,522 crore in the quarter. This is up around 12–13 per cent from Rs 3,145 crore reported in the previous quarter. It also marginally beat estimates of Rs 3,516 crore.

The profit growth came even as revenue growth remained modest. Revenue trailed analyst estimates, indicating continued pressure on demand in parts of the IT services business.

Margins supported the earnings performance. Cost optimisation efforts and operational efficiencies helped offset weak top-line momentum.

Read Detailed Results Here: Wipro Q4 Results: Profit rises 13%, beats estimates; revenue misses, Rs 15,000 crore buyback announced