Wipro Fixes June 5 as Record Date for ₹15,000 Crore Share Buyback

Wipro Limited has announced its largest share buyback in the last 3 years. The company's board has approved a buyback worth ₹15,000 crore and fixed June 5, 2026, as the record date for determining eligible shareholders.

Here are the key details investors should know.

Buyback Size and Offer Price

Wipro plans to repurchase up to 60 crore equity shares through a tender offer route.

The company will buy back shares at ₹250 per share, which is higher than the prevailing market price. Each share has a face value of ₹2.

The buyback represents approximately 5.72% of the company's total paid-up equity share capital.

Key Buyback Details

Who Is Eligible for the Buyback?

To be eligible for the buyback, investors must hold Wipro shares before the record date.

Since the Indian stock market follows a T+1 settlement cycle, investors need to purchase shares on or before June 4, 2026, for them to be credited to their demat account by the record date.

Anyone buying shares on June 5 will not qualify because the shares will be credited after the record date.

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How Will the Buyback Process Work?

The buyback will be conducted through the tender offer mechanism.

Eligible shareholders can voluntarily tender their shares to the company at the buyback price of ₹250 per share.

If the total number of shares offered by shareholders exceeds the number Wipro intends to buy back, the company will accept shares on a proportionate basis. This means not all tendered shares may be accepted if the offer is heavily subscribed.

What About US Shareholders?

Wipro's shares are also traded in the United States through American Depositary Shares (ADSs) listed on the New York Stock Exchange.

To participate in the buyback, ADS holders must convert their ADSs into Indian equity shares before the record date.

Each ADS represents 1 Wipro equity share.

ADS holders were required to submit their ADSs to JP Morgan Chase Bank by June 2, 2026, and open a special DR-type demat account in India to receive the converted shares.

Wipro Share Price Performance

Wipro share price (NSE: WIPRO) opened at ₹205.50 on June 1. Over the past month, the share price has gained nearly 2%. However, it has declined more than 18% over the last 6 months and is down over 23% so far in 2026.

The buyback price of ₹250 per share represents a premium to the current market price, making it an important corporate action for eligible shareholders.

Conclusion

Wipro's ₹15,000 crore buyback is the company's largest share repurchase programme in 3 years and offers shareholders an opportunity to tender shares at a premium price of ₹250. Investors who wish to participate must ensure they hold the stock before the June 5 record date, while acceptance will depend on the final level of subscription to the buyback offer.

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