Wipro To Buy Back Rs 15,000 Crore Worth Shares For First Time In 3 Years – Check Details

IT Services major Wipro has announced a share buyback worth Rs 15,000 crore at a 19 per cent premium from its previous close at Rs 250 per share. This is the first time the company is planning a share buyback in around three years.

In an exchange filing dated April 16, 2026, Wipro said that its board has approved the proposal to buy back around 5.70 per cent of the company’s stake from the public, up to 600 million shares through the tender route, subject to approval from shareholders. According to reports, Wipro’s promoters and promoter group have also indicated their willingness to participate in the buyback.

This will be Wipro’s largest-ever buyback and it is expected to be completed in the first quarter of the current financial year, Aparna Iyer, the company’s chief financial officer said. The record date to determine shareholder eligibility along with other details will be announced at a later date.

Shares of Wipro ended 2.8 per cent lower on April 17, 2026 at Rs 204.30 a piece on NSE after the company provided a softer guidance for its revenue in the current financial year due to geopolitical headwinds, after reporting over 12 per cent increase in net profit to Rs 3,502 crore during the March quarter of FY26 on April 16. 

The company’s revenue rose around 8 per cent on year to Rs 24,236.30 crore. The company also announced a final dividend of Rs. 11 for FY26.

How Do Share Buybacks Work?

In case of a share buyback, the company uses its own cash reserve to repurchases shares from public shareholding, reducing the overall outstanding shares. 

A share buyback typically boosts the earnings per share (EPS) of the company and leads to a rise in the stock price. In the case of Wipro, the share buyback will be through the tender offer route, at the fixed price of Rs 250 per share, around 22 per cent higher than the current share price of the stock on the NSE.

How Will Promoter Participation Impact Retail Investors?

Typically, promoter participation in a share buyback lowers the entitlement ratio for retail investors. Wipro has not yet announced the entitlement ratio for the Rs 15,000-crore buyback, though market participants expect participation of promoters to weigh on the retail allocations. The acceptance ratio, which indicates how many shares tendered by investors in the buyback is likely to be accepted by the company, will be watched closely.