Wipro Share Buyback: Wipro will buy back 600 million shares from its investors. The company is spending ₹15,000 crore to do so. The board has set a price of ₹250 per share.

Wipro announced share buyback

Wipro Buyback 2026: The board of IT giant Wipro has approved a ₹15,000 crore share buyback alongside its fourth quarter (Q4FY26) results. This Wipro buyback is not only the largest in the company's history, but also a golden opportunity for investors.

The company will withdraw its crores of shares.

The Board of Wipro, in its meeting today, approved the buyback of up to 60,00,00,000 fully paid-up equity shares or 5.7% of the total paid-up equity share capital for a total amount exceeding Rs 15,000 crore, subject to the approval of the shareholders of the company.

In total, Wipro will buy back 600 million shares from its investors. The company is spending ₹15,000 crore to do this. The board has set a price of ₹250 per share, which represents a 19% increase from the current share price of ₹210.20. This means the company will buy one share from you for ₹250. This means this is a golden opportunity for investors to earn better returns.

Buyback will be done through a tender offer.

This buyback will be conducted through a tender offer. This means that those who hold the company's shares as of the record date will be able to sell them back to the company in a certain proportion. The fewer the number of shares, the lower the company's earnings per share, which is considered good for the share price in the long run. In a tender offer, the company asks you if you want to sell your shares. If you agree, the company will transfer the money to your bank account. However, to take advantage of the scheme, you must hold the company's shares as of the record date.

Why does the company do this?

When a company has excess cash and believes its stock is undervalued, it initiates a buyback. This reduces the number of shares on the market, increasing the potential for future value appreciation.