Share Buyback
Wipro Launches ₹15,000 Crore Share Buyback at ₹250 Per Share; Tender Offer Opens June 11
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Wipro has formally launched its ₹15,000 crore share buyback through the tender offer route. The company will repurchase up to 60 crore equity shares at ₹250 per share, representing 5.72% of its paid-up equity capital. The buyback opens on June 11, 2026 and closes on June 17, 2026.
PRICE-SENSITIVE TRIGGER
Event: Launch of share buyback and issuance of Letter of Offer.
Type: Share Buyback / Capital Return
Impact: Positive
Immediate Effect: The buyback provides an exit opportunity to shareholders at a fixed price of ₹250 per share and is expected to improve capital efficiency while reducing the outstanding equity base.
Key Metrics:
- Buyback Size: ₹15,000 Crore
- Buyback Price: ₹250 per equity share
- Maximum Shares to be Bought Back: 60 crore shares
- Percentage of Equity Capital: 5.72%
- Buyback Size as % of Standalone Net Worth: 24.99%
- Buyback Size as % of Consolidated Net Worth: 19.99%
- Face Value per Share: ₹2
- Record Date: June 05, 2026
- Buyback Opening Date: June 11, 2026
- Buyback Closing Date: June 17, 2026
Highlight:
- Buyback Size: ₹15,000 Crore
What Happened ?
Wipro has commenced a large-scale share buyback program under the tender offer route after receiving shareholder approval through postal ballot and board authorization. The company will repurchase up to 60 crore fully paid-up equity shares from eligible shareholders at a fixed price of ₹250 per share in cash.
The buyback is available to shareholders holding shares as of the June 5, 2026 record date. The company has appointed JM Financial Limited as the manager to the buyback and KFin Technologies Limited as the registrar.
Key Details
Buyback Structure & Timeline:
- Buyback to be executed through the tender offer mechanism.
- Eligible shareholders determined based on June 5, 2026 record date.
- Buyback opens on June 11, 2026.
- Buyback closes on June 17, 2026.
- Settlement and payment expected by June 24, 2026.
- Shares accepted under the buyback will be extinguished by July 6, 2026.
- Small shareholders receive a reserved category allocation under SEBI Buyback Regulations.
- Consideration will be paid entirely in cash.
Note:
- The buyback will be funded from the company’s free reserves and existing cash resources. No borrowed funds will be utilized for the transaction.
Risk Analysis
Summary:
- The buyback itself carries limited execution risk; however, shareholder acceptance ratios and allocation outcomes may vary depending on participation levels.
Key Risks:
- Shareholders may not receive full acceptance of tendered shares due to proportionate allocation.
- Actual cash realization depends on accepted quantity.
- Post-buyback liquidity will reduce marginally due to cancellation of shares.
- Regulatory and procedural compliance timelines must be completed successfully.
- Market price movements may affect attractiveness of the buyback price during the offer period.
Worst Case Scenario:
- A shareholder tendering shares may receive only partial acceptance if participation exceeds the buyback entitlement and available quota.
Risk Level: Low
Company Commentary
- The Board approved the buyback after evaluating the company’s capital position, free reserves, and solvency.
- Management confirmed that the company remains capable of meeting all liabilities and obligations after completion of the buyback.
- The company stated that no borrowed funds will be used for the transaction.
- Wipro confirmed compliance with applicable Companies Act and SEBI Buyback Regulations requirements.
- The company expects the buyback to be completed without affecting minimum public shareholding norms.
Official Exchange Filing: Wipro Limited