Wipro has set June 5, 2026, as the record date for its ₹15,000 crore share buyback, the largest in the company’s history, according to livemint.com. The IT giant plans to repurchase up to 60 crore fully paid-up equity shares at ₹250 each through the tender offer route.
This move follows Wipro’s strategy to return excess cash to shareholders. The company will buy back shares with a face value of ₹2 each, marking a significant capital allocation decision. The record date determines the shareholders eligible to participate in the buyback. This buyback surpasses previous ones by Wipro, reflecting its strong cash position and confidence in its financial health.
The ₹15,000 crore buyback is notable in the Indian IT sector, where companies often use buybacks to enhance shareholder value and optimize capital structure. Compared to past buybacks in the industry, this is among the largest, signaling Wipro’s intent to boost earnings per share and return surplus funds amid steady business growth. Such large buybacks can influence stock prices and investor sentiment positively.
Investors should watch for the buyback completion timeline and its impact on Wipro’s share price and financial metrics. The company’s next steps will include executing the tender offer and communicating results. This buyback could set a precedent for capital management strategies among Indian IT firms in 2026.