Wipro Announces ₹15,000 Crore Share Buyback at ₹250 Per Share

Wipro has announced a ₹15,000 crore share buyback, setting June 5, 2026, as the record date to determine eligible shareholders. The IT major plans to buy back up to 60 crore fully paid-up equity shares at ₹250 per share through the tender offer route, marking its first buyback in nearly three years. The offer price represents a premium of around 19% to 23%, depending on the reference market price, making the corporate action attractive for many investors. Analysts believe retail shareholders may benefit from the buyback, especially since 15% of the offer is reserved for small shareholders, though actual gains will depend on the acceptance ratio and stock movement before the record date. Wipro’s promoters have also indicated their intention to participate in the buyback. While the premium has created short-term interest, market experts caution that investors should also consider Wipro’s business outlook, recent earnings performance, IT sector weakness, and personal risk appetite before buying shares only for the buyback opportunity.