Wipro Buyback Update

Key Details • Retail Entitlement Ratio: 19.64% – 11 shares entitled for every 56 shares held • Expected Retail Acceptance Ratio: 28–30% Important Dates • Buyback Window: June 11, 2026 – June 17, 2026 • Settlement Date: June 24, 2026 What It Means • The entitlement ratio represents the minimum shares eligible for acceptance under the reserved retail category. • Actual acceptance may be higher than entitlement depending on participation levels and oversubscription. • Current estimates suggest retail investors could see acceptance of around 28–30% of tendered shares. Learning Outcome In tender offer buybacks, investors should distinguish between the entitlement ratio (guaranteed eligibility) and the acceptance ratio (actual shares accepted), as final returns depend on both.