Wipro's ₹15,000 Crore Buyback Opens 11 June; Key Dates, Entitlement Ratio And Eligibility Explained

Wipro's ₹15,000 crore share buyback offer will open on 11 June and close on 17 June 2026, the information technology (IT) major confirmed in a regulatory filing on Tuesday.

The company's board had earlier approved repurchasing up to 60 crore shares, representing 5.7% of total paid-up share capital.

This is Wipro’s first buyback in close to three years and comes at a time when the stock has been under heavy pressure, down around 32% from the start of the year on account of concerns around artificial intelligence (AI)-led disruption in the IT services space.

Also, Wipro shares slipped 0.61% in today's trade, hitting a fresh 52-week low of ₹180.70.

Entitlement Ratio

The buyback entitlement varies by category of shareholder.

Small shareholders in the reserved category can tender 11 equity shares for every 56 shares held as of the record date.

Shareholders in the general category are entitled to tender 10 equity shares for every 197 shares held on the record date.

Wipro had fixed 5 June as the record date. Shareholders who held shares in their demat accounts as of that date are eligible to participate.

Key Dates To Remember

Shareholders are required to lodge completed tender forms and any other relevant documents, including physical share certificates where applicable, with the registrar by 17 June.

Verification of tendered shares will be completed by 19 June. The final acceptance or rejection of tendered shares will be communicated to the stock exchanges by 23 June.

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How To Participate

The buyback will be conducted through the tender offer route. Eligible shareholders can tender shares through stock brokers registered with either the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) during the buyback window. Participants need to submit details of the number of shares they wish to offer through their respective brokers.

Shareholders who received equity shares after cancelling their American Depository Receipts are also eligible to take part. Wipro's promoters and promoter group have indicated their intention to participate in the buyback.

Sources:

The Economic Times

Business Today