WIPRO Slides 4% on Ex-Buyback Trading Despite ₹15,000 Crore Share Repurchase
WIPRO shares fell nearly 4% on the record date of its ₹15,000 crore share buyback. The decline was primarily driven by the stock trading ex-buyback, while short-term investors exited their arbitrage positions following the record date. The weakness in Wipro also weighed on the broader Nifty IT index.
Buyback Highlights
Buyback Price: ₹250 per share
Record Date: June 5, 2026
Buyback Size: ₹15,000 crore, representing approximately 5.72% of the company's outstanding equity capital.
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