Wipro, Bajaj Auto, Cyient, And Other Companies Announce Share Buyback In May 2026

May has turned into a busy month for share buybacks in India. Companies across sectors have either announced fresh buybacks or moved ahead with existing plans.

Tech major Wipro announced one of the biggest buybacks of the year at ₹15,000 crore, offering shareholders ₹250 per share through the tender route. It wants to repurchase up to 60 crore shares, which is close to 5.7% of its total equity base.

Which Other Companies Have Announced A Buyback?

Bajaj Auto also approved a large ₹5,633 crore buyback at ₹12,000 per share. Cyient announced a ₹720 crore buyback at ₹1,125 per share, involving up to 64 lakh shares. In the textiles space, Welspun Living announced a ₹252 crore buyback at ₹175 per share, offering a premium of over 30% compared to its previous closing price.

Garware Technical Fibres also joined the rush with a ₹110 crore buyback at ₹680 per share. The company plans to buy back up to 16.17 lakh shares, and notably, promoters said they would not participate, leaving more room for public shareholders.

CMS Info Systems also entered investor focus after announcing a buyback proposal in May. The company approved a buyback worth around ₹168 crore at ₹340 per share.

Smaller firms were active too. Onward Technologies announced an ₹18 crore buyback, proposing to repurchase nearly 5.49 lakh shares at ₹328 each.

Why Are So Many Buybacks Being Announced?

The trend suggests that cash-rich companies are increasingly using buybacks as a shareholder reward tool amid volatile global markets. For some companies, the move reflects confidence that their current market valuation does not fully reflect long-term value, and there is plenty of potential in store.

At the same time, SEBI is planning to make India’s buyback process much simpler and faster. Right now, companies mainly use the tender offer route, but the regulator wants to bring back open-market buybacks through stock exchanges as an additional option. This route was discontinued in April 2025, but SEBI now believes it is viable again.

SEBI has also proposed cutting the timeline for completing open-market buybacks to 66 working days, compared to the earlier structure where buybacks could stretch for months. The regulator wants companies to complete the process faster so buybacks remain relevant to market conditions.

The market regulator has invited public comments on these proposals till 29 May 2026, after which the final framework could be announced.

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Sources:

The Economic Times

Business Standard