$WIPRO shares gain nearly 3% ahead of Rs 15,000 crore buyback; offer at 19% premium from current price

Wipro share buyback: The company's stock climbed more than 3 per cent in Monday’s trade ahead of its upcoming Rs 15,000 crore share buyback. The stock was trading around Rs 209, giving the buyback price of Rs 250 per share a premium of about 19 per cent over the today's intraday high. The company has fixed June 5, 2026, as the record date to determine shareholder eligibility for the buyback, which is the largest in Wipro’s history and the first in nearly three years. The proposed buyback size represents about 7.04 per cent of the company’s market capitalisation and 5.7 per cent of its paid-up equity share capital, with plans to repurchase up to 60 crore shares. As per SEBI regulations, 15 per cent of the buyback is reserved for small shareholders, a factor typically watched closely for acceptance ratios. Wipro’s cash position stood at Rs 10,555.5 crore as of March 31, 2026, providing support for the buyback plan, which is expected to be completed in the first quarter of FY27. In its last buyback in 2023, worth Rs 12,000 crore at Rs 445 per share, retail participation stood at 1.28 times, while promoter holding saw a marginal increase post the exercise.