0001193125-26-239232
SEC filingWipro Limited announces a share buyback offer to repurchase up to 60 crore equity shares at ₹250 per share for an aggregate consideration of up to ₹15,000 crore, representing a return of surplus capital to shareholders.
Wipro Limited (NYSE:WIT) has announced a buyback of up to 60,00,00,000 fully paid-up equity shares of face value ₹2 each, representing 5.72% of the total paid-up equity capital, at a price of ₹250 per share. The total consideration is up to ₹15,000 crore, which is 24.99% of standalone paid-up capital and free reserves as of March 31, 2026. The buyback is being conducted via a tender offer on a proportionate basis, with a 15% reservation for small shareholders. The board approved the buyback on April 16, 2026, and shareholders passed a special resolution on May 21, 2026. Record date is June 5, 2026. The buyback price represents a premium of 16.30% over the 60-day volume weighted average price on NSE and 31.77% over book value. The company aims to return surplus cash and improve financial ratios. ADS holders wishing to participate must cancel their ADSs and withdraw underlying equity shares by June 2, 2026. The buyback is subject to Indian regulatory requirements and is expected to enhance shareholder value.