Bengaluru: Information technology (IT) powerhouse Wipro Limited has announced the launch of a massive share buyback plan, buying back about ₹15,000 crores of shares with a price of about ₹250 per share.
The offer period will open on June 11 and close by June 17, with the acceptance timeline to be communicated by June 23. Investors can submit a request for the buyback through their brokerage apps between the above dates.
“The Buyback Size represents 24.99% and 19.99% of the aggregate of the Company’s fully paid-up Equity Share capital and free reserves as per the latest audited standalone and consolidated financial statements of the Company for the year ended on March 31, 2026, respectively,” a press release by the company said.
In September 2025, Infosys announced a ₹18,000 crore share buyback, with TCS doing the same in December 2023 for ₹17,000 crore. These buybacks have come after both companies’ aimed to use their surplus funds to strengthen their share value and boost earnings per share.
At present, Wipro has cash reserves of about ₹10,555 crore, besides other retained earnings and accounting reserves that take the figure up to ₹88,537 crores. It has a minimal debt of about ₹196 crore currently.
The Bengaluru-based company’s shares have fallen about 30% this year, and this buyback could be used to help to stabilize the stock price.
