Wipro announces ₹15,000 crore buyback: IT firm proposes to buy back shares at ₹250 apiece

IT sector firm Wipro’s board of directors, on Thursday, April 16, announced the company’s largest-ever share buyback proposal worth ₹15,000 crore, offering stock market investors ₹250 per share for the repurchasing deal, according to an exchange filing.

The NSE filings showed that Wipro’s board considered and approved the proposal of a ₹250 per share buyback offer for up to 60,00,00,000 or 60 crore shares with a face value of ₹2 apiece.

“The proposal to buyback up to 60,00,00,000 fully paid-up equity shares of ₹2, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹1,50,00,00,00,000 (hereinafter referred to as the ‘Buyback Size’), at a price of ₹250 per equity share,” the company informed the stock exchanges on Thursday.

As the IT stock’s buyback price has been fixed at ₹250 per share, this marks a premium of 19% over Thursday's stock market closing price of ₹210 per share.

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; however, the buyback proposal remains subject to shareholder approval.

The company is yet to announce the ‘record date’ for the offer. The record date and the timeline of the repurchase deal will be announced after the shareholders' approval through a postal ballot.

Wipro’s buyback history

Wipro has a history of buying back shares from its shareholders, with five buybacks announced between the years 2016 to 2023, as the IT firm aims to strengthen its confidence among the shareholders.

NSE data showed that in 2016, Wipro carried out a ₹2,500 crore buyback at a ₹625 per share price. The company also recorded multiple bonus issues and stock splits over the years.

In 2017, Wipro did a ₹11,000 crore buyback offering shareholders a ₹320 per share repurchase deal. Then, later in 2019, the company announced a ₹10,500 crore buyback offer at a per share price of ₹325.

In 2020, the company carried out a ₹9,500 crore buyback offer at ₹400 per share, and finally in the year 2023, Wipro announced its largest-ever buyback offer of ₹12,000 crore to repurchase shares at ₹445 apiece.

Wipro Q4 results

Wipro announced its January to March quarter results for the financial year ended 2025-26 on Thursday, April 16. The IT firm recorded a 2% fall in its net profit to ₹3,502 crore in the fourth quarter, compared to ₹3,570 crore in the same period a year ago.

However, the IT company’s net profits rose on a sequential basis by 12% to ₹3,502 crore, compared to ₹3,119 crore in the third quarter of the fiscal year.

Wipro's revenue from core operations rose 8% to ₹24,236 crore in the March quarter of the year ended 2025-26, compared to ₹22,504 crore in the same period a year ago, according to the financial statements.

Wipro share price

Wipro shares closed 0.24% higher at ₹210.26 after Thursday’s stock market session, compared to ₹209.75 at the previous market close, according to NSE data. The company announced its buyback offer and Q4 results details after the market operating hours on April 16.

Wipro stock has lost over 10% in five years, but has risen 14% in the last three years, according to the exchange data. However, the company’s stock is down 15% in the past year, and 21% so far in 2026.

Shares of Wipro were trading 7.7% higher over the past one month, and have gained 3.5% in the last five market sessions on the Indian stock market. The company’s stock hit its 52-week high at ₹273.10 on December 22, 2025, while the 52-week low was at ₹186.50 on March 30, 2026.

Wipro’s market capitalisation (M-Cap) was at over ₹2.2 lakh crore as of the stock market close on Thursday, April 16, 2026.