Wipro Limited has issued the Letter of Offer and Tender Form for the buyback of up to 60 crore fully paid-up equity shares of face value Rs 2 each. The shares will be bought back at Rs 250 per share, with the aggregate consideration amounting to Rs 15,000 crore.
This follows the initial buyback disclosure by Wipro Limited to the stock exchanges on May 25, 2026. The buyback represents 5.72% of Wipro Limited's total paid-up equity share capital as on the record date of June 5, 2026.
The buyback, approved by the board of directors, is being conducted through the tender offer route on a proportionate basis. The buyback opens on June 11, 2026, and closes on June 17, 2026. The last date for receipt of completed tender forms and documents by the registrar is 5:00 PM IST on June 17, 2026.
For the reserved category of small shareholders, the buyback entitlement is 11 equity shares for every 56 shares held on the record date. For all other eligible shareholders, the entitlement is 10 equity shares for every 197 shares held on the record date.
The buyback size is 24.99% of the aggregate paid-up capital and free reserves on a standalone basis as per the audited financial statements as of March 31, 2026. On a consolidated basis, the buyback represents 19.99% of the aggregate paid-up capital and free reserves.
The Letter of Offer and Tender Form are available on Wipro Limited's website. Wipro Limited's equity shares are listed on the BSE, NSE, and the New York Stock Exchange.
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.