Wipro Limited has completed the extinguishment of 60,00,00,000 equity shares under its buyback offer, as disclosed in the filing dated June 30, 2026. The company had announced the buyback on May 22, 2026, and issued the letter of offer on June 9, 2026.
The tendering period for the buyback opened on June 11, 2026, and closed on June 17, 2026. A certificate dated June 30, 2026 confirmed the completion of the extinguishment process in accordance with SEBI (Buy-Back of Securities) Regulations, 2018.
This action reduced Wipro's equity share capital from 10,50,35,49,797 shares to 9,90,35,49,797 shares, a decrease of 5.71% in total outstanding shares. The reduction reflects the full extinguishment of the 60 crore shares bought back under the offer.
Employee stock option holders received 7,41,918 shares on June 9, 2026, and 5,37,492 shares on June 19, 2026, allotted under various employee stock option plans. These shares were included in the issued, subscribed, and fully paid-up equity share capital following the dispatch of the letter of offer.
Post-buyback, promoters hold 72.59% of shares, up from 72.52% before the buyback. Foreign investors increased their stake from 11.58% to 27.41%, while financial institutions held 5.63% and others accounted for the remaining shares.
Wipro filed the necessary documents with BSE Limited, the National Stock Exchange of India Limited, and the New York Stock Exchange to disclose the completion of the buyback and the revised shareholding pattern.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.