Wipro Buyback Price 2026: IT services major, Wipro, along with the earnings for the fourth quarter ended March 31, 2026, approved a share buyback worth Rs 15,000 crore today, April 16. This is the largest share buyback so far, even as the IT company’s offer remains smaller than recent repurchases by peers Infosys and TCS, news agency PTI reported.
A share buyback, or stock repurchase, occurs when a company buys its own outstanding shares from investors, reducing the total supply. This strategy is typically used to boost earnings per share (EPS), increase stock value, and return excess cash to shareholders efficiently. Companies often pay a premium over the current market price.
According to the company, it plans to repurchase up to 60,00,00,000 equity shares of face value Rs 2 each, representing 5.7 per cent of its total paid-up equity share capital. The aggregate buyback size is capped at Rs 150 billion (approximately USD 1.6 billion).
“The Board of Directors approved the buyback proposal, subject to shareholders’ approval through postal ballot, for purchase of up to 60 crore equity shares of Rs 2 each (5.7 per cent of total paid-up equity share capital) on a proportionate basis via tender offer at Rs 250 (USD 2.661) per equity share, for an aggregate amount not exceeding Rs 150 billion (USD 1.6 billion),” the company said in the regulatory filing.
