After Wipro, Cyient likely to announce share buyback next week; details here

On April 14, Cyient, in its filing to stock exchanges, said its board is scheduled to meet on Thursday, April 23, 2026, to do the following:

i. Approve and take on record the audited financial results of the company under Indian Accounting Standards (Ind AS) for the quarter and year ended March 31, 2026;

ii. Approve and take on record the audited consolidated financial results of the company and its subsidiaries under Ind AS for the quarter and year ended March 31, 2026;

iii. Recommend a final dividend for the financial year ended March 31, 2026, if any; and

iv. Consider and approve a proposal for the buyback of equity shares of the company.

Wipro share buyback

On Thursday, April 16, IT major Wipro announced a share buyback programme worth ₹15,000 crore, its largest repurchase offer to date, surpassing its ₹12,000 crore repurchase carried out in 2023 but lagging behind its competitors' similar offers in recent times.

Infosys had concluded its biggest-ever buyback of ₹18,000 crore in November last year, while Tata Consultancy Services (TCS) completed a ₹17,000 crore share repurchase in December 2023.

The record ₹18,000 crore share buyback was the largest ever by any Indian company so far.

What are share buybacks?

Share buybacks are generally undertaken by companies to return surplus cash to shareholders, improve earnings per share, and signal confidence in their financial health.

In a regulatory filing, Wipro said its board has approved a proposal to buy back shares at ₹250 apiece through the tender offer route.

Wipro buyback: Other details

Today's buyback announcement marks Wipro's first share buyback in nearly three years.

"The Board of Directors approved the buyback proposal, subject to shareholders' approval through postal ballot, for the purchase of up to 60 crore equity shares of ₹2 each (5.7% of total paid-up equity share capital) on a proportionate basis via tender offer at ₹250 ($2.661) per equity share, for an aggregate amount not exceeding ₹150 billion (USD 1.6 billion)," the company said.

The buyback price of ₹250 per share represents a premium of about 19% over Thursday's closing price of ₹210.20 on the BSE.

Wipro Chief Financial Officer Aparna Iyer, in an earnings call, said that the buyback is expected to be completed in Q1 FY27, subject to shareholder approval.

Other buyback news

Early in April 2026, pharma major Aurobindo Pharma announced a share buyback programme.

The company said its board has approved the share buyback of up to 54,23,728 fully paid-up equity shares of the company, each having a face value of ₹1, representing up to 0.93% of the total number of equity shares in the paid-up equity share capital of the company.

The price for the same is set at the price of ₹1,475 per equity share (“Buyback Price”) payable in cash for an aggregate amount up to ₹800 crore.

Record Date

The company has set April 17, 2026, as the record date for the purpose of determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback, in accordance with Regulation 42 of the Listing Regulations and Regulation 9(i) of the Buyback Regulations.