Wipro share buyback: IT main pronounces Rs 15,000 crore provide at 19% premium. Key issues to know
Wipro’s board authorized the plan to purchase again as much as 60 crore shares, representing 5.7% of the whole paid-up share capital, for an combination quantity not exceeding Rs 15,000 crore.
The buyback will likely be accomplished by way of the tender route, and all shareholders on the file date, together with those that acquired the fairness shares after cancelling their American Depository Receipts (ADR), will likely be eligible to participate within the company motion.
Additionally learn: Wipro This fall Outcomes: Revenue slips 2% YoY to Rs 3,502 crore, however income rises 8%
Wipro stated that promoters and promoter teams have indicated their intention to take part within the proposed buyback. The file date and different timelines will likely be introduced quickly
Wipro This fall earnings
Wipro introduced the share buyback together with its earnings for the January-March quarter of the monetary 12 months 2026. The IT main’s consolidated internet revenue declined 2% YoY to Rs 3,502 crore throughout the interval beneath overview, whereas income from operations elevated 8% YoY to Rs 24,236 crore.
Nonetheless, Wipro’s core IT providers phase confirmed restricted traction. Income stood at $2.65 billion, rising simply 0.6% quarter-on-quarter and a pair of.1% year-on-year. On a relentless forex foundation, IT providers income rose 0.2% sequentially however declined 0.2% on an annual foundation, highlighting weak underlying demand.
Wipro share worth
Wipro shares rose marginally to shut at Rs 210.26 apiece on NSE on Friday. The inventory has gained round 4% in a single week and eight% in a single month, however declined by over 21% in 2026 to date following the sharp AI worries and Iran-US war-led selloff.
Buyback of shares refers to a company motion the place an organization repurchases its personal shares from the present shareholders. Often, the corporate purchases the shares at a better worth than the present ranges, encouraging traders to take part. Usually, an organization decides to purchase again its shares with a view to enhance share worth, utilise surplus money, stop hostile takeovers or enhance promoter holdings.
(Disclaimer: The suggestions, ideas, views, and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances.)
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