Wipro Limited has published a post-buyback public announcement for the buyback of 60 crore fully paid-up equity shares. The shares have a face value of Rs 2 each, and the buyback was conducted at a price of Rs 250 per share through a tender offer process on a proportionate basis from equity shareholders as on the record date of June 5, 2026.
All equity shareholders of Wipro as on June 5, 2026 were eligible to participate in the buyback. Under the tender offer process, shareholders could tender their shares in proportion to their existing holdings. Shares were accepted on a proportionate basis as per SEBI buyback regulations.
The post-buyback public announcement was published on June 26, 2026. Wipro filed the announcement in compliance with Regulation 24(vi) of the SEBI Buy-Back of Securities Regulations, 2018. Wipro informed the BSE, the National Stock Exchange of India, and the New York Stock Exchange about the publication of the announcement.
At the buyback price of Rs 250 per share, the total consideration for the buyback of 60 crore shares amounts to Rs 15,000 crore. The buyback was executed through the tender offer mechanism as prescribed under the SEBI Buy-Back of Securities Regulations.
The shares bought back through this process will be extinguished, resulting in a reduction of the paid-up equity capital of Wipro. The post-buyback announcement provides details of the number of shares bought back and the resultant capital structure of Wipro following the buyback completion.
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.