Wipro buyback update: ₹15,000 crore share repurchase programme opens June 11; details here

Wipro Ltd, one of the leading IT services firms, on Tuesday, June 9, announced the schedule for its ₹15,000 crore share buyback programme.

The company said that eligible shareholders can tender their equity shares in the buyback only during the tendering period, which commences on Thursday, June 11, 2026, and ends on Wednesday, June 17, 2026.

Key details

It must be noted that June 4 was the last day for market participants to buy Wipro shares to be eligible for the share buyback programme.

On Friday, June 5, Wipro shares tumbled as the stock began trading ex-date for its ₹15,000 crore share buyback programme.

Buyback price and other details

In its filing to stock exchanges, Wipro said that the buyback size represents 24.99% and 19.99% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements of the company as of March 31, 2026, respectively.

The company also said that the buyback size is within the statutory limit of 25% of the aggregate total paid-up capital and free reserves of the company, based on both standalone and consolidated audited financial statements.

The acceptance of equity shares tendered by an eligible shareholder in the buyback is subject to the provisions of the Buyback Regulations and the terms and conditions contained in this letter of offer, it said.

What the CFO said in April 2026

Wipro Limited Chief Financial Officer Aparna Iyer, during the Q4 FY26 earnings call in April 2026, said the company’s board had approved a ₹15,000 crore share buyback at a price of ₹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," 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.