Wipro Embarks on Its Largest Share Buyback Offer of Rs 15,000 Crore

In a significant financial move, Wipro, a leading IT company, unveiled its largest share buyback plan to date, valued at Rs 15,000 crore. This decision surpasses its previous buyback of Rs 12,000 crore in 2023 but remains behind recent larger buybacks by competitors such as Infosys and TCS.

The announcement was made on Thursday, with Wipro revealing intentions to repurchase shares priced at Rs 250 each, providing investors with a 19% premium over the closing share price of Rs 210.20 on the BSE. The repurchase will involve a maximum of 60 crore equity shares, equating to 5.7% of the total paid-up equity share capital, as per the latest regulatory filing.

Aparna Iyer, Wipro’s Chief Financial Officer, highlighted in an earnings call that the completion of this buyback is slated for Q1 2027, conditional on shareholder approval. In parallel, the Cyient board is preparing to consider its buyback proposal later in April.