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The stock has been witnessing steady buying after the IT company announced the buyback at a price of Rs 250 per share, a premium of 21% over the previous closing price of Rs 206.8.
Wipro Buyback 2026 Record Date.
Shares of Wipro extended gains for the ninth consecutive trading session on Tuesday, supported by investor interest around the company’s Rs 15,000-crore share buyback programme. The stock has been witnessing steady buying after the company announced the buyback at a price of Rs 250 per share, representing a premium of nearly 21 per cent over its previous closing price of Rs 206.84 on the NSE before the announcement.
The stock traded at Rs 208.5 apiece on the NSE in the early trade on Tuesday, up nearly Rs 2 compared with the previous close.
The IT major has fixed June 5 as the record date for the buyback, making shareholders eligible to participate in the programme.
Buyback Details
Wipro’s board had approved the proposal on April 16 to repurchase up to 60 crore equity shares through the tender offer route. The buyback size represents over 5 percent of the company’s total equity share capital.
The Bengaluru-headquartered company said the buyback would be carried out at Rs 250 per share, significantly above the prevailing market price at the time of the announcement.
The company had also stated that members of the promoter and promoter group intend to participate in the buyback programme.
First Buyback In Nearly Three Years
This marks Wipro’s first share buyback announcement in almost three years. The previous buyback was undertaken in June 2023, when the company repurchased shares worth Rs 12,000 crore between June 22 and June 30. During that programme, Wipro bought back 26.96 crore equity shares, equivalent to 4.91 percent of its total equity capital, at Rs 445 per share.
The 2023 buyback price is not adjusted for the company’s 1:1 bonus issue announced in December 2024.
Why Buybacks Matter For Investors
Share buybacks are generally viewed positively by investors as they help improve earnings per share by reducing the number of outstanding shares. A buyback announced at a premium also offers an exit opportunity to eligible shareholders at a higher price than the prevailing market value.
The announcement has helped improve sentiment around the stock, which has seen sustained buying interest over the past several sessions.
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