Date: June 9, 2026

Board Meeting Outcomes

  • Approved buyback of up to 60,00,00,000 equity shares (5.72% of paid-up capital) at ₹250 per share
  • Aggregate consideration not exceeding ₹1,50,00,00,00,000 (₹15,000 crore)
  • Buyback represents 24.99% and 19.99% of aggregate of paid-up capital and free reserves as per latest audited standalone and consolidated financial statements respectively as of March 31, 2026
  • Record date fixed as June 5, 2026 for determining eligibility
  • Tendering period: June 11, 2026 to June 17, 2026
  • Settlement to be completed by June 24, 2026

Buyback Details

Method: Tender offer through stock exchange mechanism

Price: ₹250 per equity share (premium of 16.30% over 60-day VWAP and 28.51% over 10-day VWAP on NSE prior to announcement)

Size: 60 crore shares representing 5.72% of paid-up capital

Total Outlay: ₹15,000 crore (excluding transaction costs)

Reservation: 15% for small shareholders (holding shares worth ≤₹2 lakh as of record date) - 9 crore shares reserved

Financial Impact Analysis

Pre-Buyback (Standalone):

  • Net Worth: ₹636,797 million
  • Return on Net Worth: 19.05%
  • EPS - Basic: ₹11.59
  • EPS - Diluted: ₹11.55
  • Book Value per Share: ₹60.71
  • Debt/Equity Ratio: 0.10

Post-Buyback (Standalone, assuming full acceptance):

  • Net Worth: ₹486,797 million
  • Return on Net Worth: 24.92%
  • EPS - Basic: ₹12.28
  • EPS - Diluted: ₹12.25
  • Book Value per Share: ₹49.23
  • Debt/Equity Ratio: 0.13

Sources of Funds

  • Funds will be sourced from current balances of cash and cash equivalents and/or internal accruals
  • No borrowed funds will be used for the buyback
  • ₹3,75,00,00,000 (2.5% of buyback size) deposited in escrow account with Standard Chartered Bank

Shareholding Pattern Impact

Pre-Buyback:

  • Promoter & Promoter Group: 72.53% (761.68 crore shares)
  • Public & Others: 27.47%

Post-Buyback (assuming full acceptance):

  • Promoter & Promoter Group: 73.01% (723.01 crore shares)
  • Public & Others: 26.99%

Promoter Participation

Promoter and Promoter Group entities have expressed intention to participate and may tender up to aggregate maximum of 744.77 crore shares

Eligibility and Process

Eligible Shareholders: All shareholders holding equity shares as on record date June 5, 2026

Small Shareholder Definition: Holders with share value ≤₹2 lakh based on closing price of ₹198.37 on NSE on record date (≤1,008 shares)

Tendering Mechanism: Through stock brokers using acquisition window on BSE/NSE

Physical Shareholders: Must submit tender form, TRS, share certificates and transfer documents to registrar by June 17, 2026

Tax Implications

For Resident Shareholders: Capital gains tax applicable based on holding period (12.5% for LTCG, 20% for STCG)

For Non-Resident Shareholders: Required to submit self-declaration forms and documents for DTAA benefits

ADS Holders: Must cancel ADSs and withdraw underlying shares before record date to participate

Key Appointments

Manager to Buyback: JM Financial Limited

Registrar: KFin Technologies Limited

Escrow Agent: Standard Chartered Bank

Company Broker: JM Financial Services Limited

Compliance Officer: Mr. M Sanaulla Khan, Company Secretary

Historical Context

This is the fourth buyback by Wipro in three years:

  • July 2023: 26.97 crore shares at ₹445 per share
  • January 2021: 23.75 crore shares at ₹400 per share
  • September 2019: 32.31 crore shares at ₹325 per share