Wipro Share Price Down Over 2%; Promoters to Participate in ₹15,000 Crore Share Buyback

Wipro has approved a share buyback of up to ₹15,000 crore through a tender offer. The company plans to repurchase as many as 60 crore fully paid-up equity shares with a face value of ₹2 each.  

This represents about 5.7% of its total equity share capital. The buyback price has been fixed at ₹250 per share, a premium of roughly 19% over the closing price on April 16.  

The proposal is subject to shareholder approval and is expected to be completed by the first quarter of 2027. 

Promoter Holding and Participation 

Chief Financial Officer (CFO) Aparna Iyer said the promoter group intends to participate in the buyback. As per exchange data, promoters and promoter group entities held a 72.63% stake in the company as of December 31, 2025. 

Their participation could affect the entitlement ratio for public shareholders, including retail investors, as a portion of shares tendered will come from promoter holdings. 

Sector Comparison 

The development comes in contrast to a buyback announced by Infosys last year, where promoters did not participate.  

Differences in promoter involvement across companies are often tracked in relation to shareholding structure and capital return decisions. 

Wipro’s Quarterly Performance 

For the March quarter of FY26, the company reported consolidated net profit of ₹3,501.8 crore, compared to ₹3,569.6 crore in the same period last year, a decline of 1.89%. 

Revenue from operations for the quarter rose 7.6% year-on-year to ₹24,236.3 crore. On a sequential basis, profit increased 12.2%, while revenue grew 2.8% over the December quarter. 

For the financial year 2025-26, net profit stood at ₹13,197.4 crore, a marginal increase of 0.47% over the previous year. Revenue for the year rose 3.96% to ₹92,624 crore. 

The figures indicate limited movement in annual profit despite moderate growth in revenue. 

Business Update 

The company said it is focusing on artificial intelligence-led services and is shifting towards a services-as-software approach under its AI-focused business unit. It also referred to an ongoing engagement with the Olam Group. 

Read More: Waaree Renewable Share Price Rises 11%; Profit and Revenue Surge Over 100% in FY26 Results! 

Wipro Share Price Performance  

As of April 17, 2026, 10:19 am, Wipro Ltd share price was trading at ₹204.40, down 2.79% from the previous closing price. 

Conclusion 

The buyback, along with promoter participation and recent financial performance, sets out the company’s current position on capital return and operations. 

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