Wipro Fixes June 5, 2026, as Record Date for ₹15,000 Crore Shares Buyback Offer

Wipro Ltd has set June 5, 2026, as the record date for its proposed ₹15,000 crore share buyback, according to a stock exchange filing issued on Friday.  

Shareholders whose names appear in the company’s records on that date will be eligible to participate in the buyback process. The Bengaluru-based IT company plans to repurchase up to 60 crore fully paid-up equity shares.  

The buyback price has been fixed at ₹250 per share, while the face value of each share stands at ₹2.  

Buyback Size 

At ₹15,000 crore, the proposed offer is one of the larger share buybacks announced by an Indian IT services company in recent years.  

Based on the announced price, Wipro may repurchase up to 60 crore equity shares if the full amount is utilised.  

The filing was signed by company secretary M Sanaulla Khan on May 22, 2026. 

Offer to Be Conducted Through Tender Route 

The company said the buyback will be carried out through the tender offer process on a proportionate basis.  

Under this route, eligible shareholders can tender part or all of their holdings during the offer period.  

Wipro stated that its board had approved the proposal on April 16, 2026. Shareholders later approved the plan on May 21, 2026.  

Filing Sent to Indian and US Exchanges 

The disclosure was submitted to BSE, the NSE, and the New York Stock Exchange. Wipro’s American Depositary Shares are listed on the NYSE under the ticker symbol WIT.  

The company said the record date was fixed in line with SEBI regulations related to listing obligations and buyback of securities. It also referred to provisions under the NYSE Listed Company Manual.  

Read More: Vodafone Idea Expands 5G Coverage in West Bengal, Targeting Industrial and Tourism Hubs! 

Wipro Share Price Performance  

As of May 22, 2026, 3:30 pm, Wipro share price closed at ₹202.97, up 1.62% from the previous closing price. 

Conclusion 

The company has completed board and shareholder approvals for the proposed buyback and has now announced the record date. Eligible shareholders as of June 5 can participate in the tender offer process. 

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