Wipro Announces Rs 15,000-Crore Share Buyback Plan with Promoter Participation.

Wipro Announces Largest Share Buyback Worth Rs 15,000 Crore

IT firm Wipro has announced its largest share buyback worth Rs 15,000 crore through a tender offer, which it expects to complete in the first quarter of 2027. The company's board has approved the proposal to buyback up to 60 crore fully paid-up equity shares of Rs 2, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding Rs 15,000 crore only at a price of Rs 250 per equity share.

The offer price is at a 19% premium to the closing price of Wipro shares on April 16. Wipro CFO Aparna Iyer said that the Board of Directors announced the buyback of shares worth Rs 15,000 crore at Rs 250 per share, subject to shareholder approval. The participation of the promoter group in the share buyback comes on the back of the promoters and promoter group of Infosys not participating in the Rs 18,000-crore share buyback announced last year.

As on December 31, 2025, promoters and promoter group of the company held 72.63% stake in the company, according to exchange data. With the promoters and promoter group showing intent to tender offers during the share buyback, the entitlement ratio for retail investors might decrease.

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Promoters not cashing out signals confidence in the business prospects, and adding to the overall investor bullishness in the IT sector. Wipro reported a 1.89% decline in March quarter FY26 consolidated net profit at Rs 3,501.8 crore, compared to Rs 3,569.6 crore in the year-ago period.

Revenue from operations rose 7.6% to Rs 24,236.3 crore in the fourth quarter of FY26, according to a regulatory filing. As compared to the previous December quarter, profit and revenue rose by 12.2% and 2.8%, respectively. For the full fiscal year 2025-26, Wipro recorded a net profit of Rs 13,197.4 crore, reflecting a marginal 0.47% increase from 2024-25. FY26 revenue stood 3.96% higher at Rs 92,624 crore.

Wipro's strategic deal with the Olam Group further reflects the decisive investments the company is making to capture opportunities at scale. The IT company is pivoting to a services-as-a-software model through the AI Native Business & Platforms unit, as advancements in AI are reshaping client priorities and creating new opportunities for Wipro to partner more deeply to deliver value-driven outcomes.

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