Wipro buyback alert: Last chance to buy shares for eligibility in ₹15,000 crore offer

Wipro shares are expected to remain in the spotlight on Thursday, June 4, as investors looking to participate in the share buyback programme need to purchase the stock today before it goes ex-record date on Friday.

Wipro buyback record date

The company said that it has fixed Friday, June 5, 2026, as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in its largest-ever buyback.

On April 16, Wipro’s board of directors had approved the proposal to buy back up to 60 crore fully paid-up equity shares of ₹2 each, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore at a price of ₹250 per equity share.

The company’s shareholder gave their approval for the buyback proposal on May 21.

According to the filings, the buyback of shares will be done through the tender offer process, which means that the shares will be repurchased at the determined fixed price.

What you need to know

Since June 5, 2026, is the record date for Wipro's buyback, investors must ensure that the shares are credited to their demat accounts by that date.

Since Indian equities follow a T+1 settlement cycle, investors would generally need to buy the shares at least one trading day before the ex-date.

So, since June 5 is the record date and ex-date, the last day to buy shares and be eligible is June 4, 2026.

Anyone purchasing the stock on or after the ex-date (June 5) would not be eligible for the buyback entitlement based on the record date.

In simple words, to be eligible for Wipro's buyback with a record date of June 5, 2026, investors should buy the shares no later than June 4, 2026.

Details of Wipro's buyback programme

Wipro Chief Financial Officer Aparna Iyer, in the Q4 FY26 earnings call, said the Board of Directors has announced the buyback of shares worth ₹15,000 crore at ₹250 per share, subject to shareholder approval.

"In our recently concluded board meeting, the Board of Directors has announced a buyback of ₹15,000 crore at a price of ₹250 per share.

"Please note this is our largest buyback, and we expect to buy back 5.7% of our paid-up capital.

"Buyback is expected to be completed in Q1-27, subject to shareholder approval," Iyer said.

"Our endeavour has always been to return a substantial portion of the cash generated to our shareholders, and for FY26 alone, we distributed $1.3 billion of cash in the form of dividends, taking our total payout ratio for the three-year block ending FY26 to 88 per cent, which is significantly higher than our stated capital allocation policy," Iyer said at the company's Q4 earnings call.

Promoter participation and financial performance

The Bengaluru-headquartered firm, in an exchange filing, stated that members of the promoter and promoter group have indicated their intention to participate in the proposed share repurchase programme.

Wipro has formed a committee to oversee and implement the buyback process. The announcement came alongside the company's financial results for the quarter and year ended March 31, 2026.