Wipro Sets June 5 as Record Date for Rs 15,000 Crore Share Buyback Programme

Wipro Sets June 5 as Record Date for Share Buyback Plan

Wipro, a leading IT services company based in Bengaluru, has fixed June 5, 2026 as the record date for determining the eligibility of shareholders for its share buyback plan. This decision comes after the company's board of directors approved a Rs 15,000 crore share buyback programme on April 16, 2026.

Under the programme, Wipro proposes to buy back up to 60 crore equity shares, representing over 5 percent of its equity, at Rs 250 per share. This marks the first time in nearly three years that the company has announced a share buyback. The last buyback was undertaken in June 2023, when the company repurchased shares worth Rs 12,000 crore between June 22 and June 30.

In the previous buyback programme, Wipro acquired 26.96 crore equity shares, representing 4.91 percent of its total equity, at Rs 445 per share. The price is not adjusted for the 1:1 bonus issue announced in December 2024. The company has stated that members of the promoter and promoter group intend to participate in the proposed buyback programme.

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Wipro's share price settled 1.62 percent higher at Rs 202.97 per share on the NSE.