Wipro Limited has fixed June 5, 2026, as the record date to determine shareholder eligibility for its buyback of up to 60,00,00,000 fully paid-up equity shares at a price of ₹250 per share. The offer aggregates to an amount not exceeding ₹15,000 crore and represents approximately 5.72% of the total paid-up equity share capital. The public announcement for the buyback was published in newspapers on May 25, 2026, following the approval of shareholders via a postal ballot on May 21, 2026.

The buyback price of ₹250 per share represents a premium of 16.30% over the volume weighted average market price on the NSE for the 60 trading days preceding the board meeting intimation date. The offer constitutes 24.99% and 19.99% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements for the year ended March 31, 2026, respectively. The company stated that the buyback size does not include transaction costs such as brokerage, taxes, and other incidental expenses.

ADS Holder Participation

The company’s American Depositary Shares (ADSs), each representing one Equity Share, are traded on the NYSE. To participate, ADS holders must cancel their ADSs and withdraw underlying Equity Shares by 12:00 noon New York City time on June 2, 2026. Holders must establish a brokerage account in India with a depository receipt type demat account to receive the withdrawn shares. The Buyback Price is at a 15.22% and 26.67% premium to the volume weighted average market price of an ADS on the NYSE for the 60 and 10 trading days, respectively, preceding April 9, 2026.

Promoter Participation

The Promoter and Promoter Group have expressed their intention to participate in the buyback. They may tender up to an aggregate maximum of 7,44,77,75,834 equity shares. The aggregate shareholding of the Promoter and Promoter Group stood at 7,61,68,40,898 shares, representing 72.62% of the total paid-up equity share capital as of April 16, 2026.

Financial Impact

Assuming full acceptance under the buyback, the basic and diluted earnings per share (EPS) of the company are expected to increase to ₹12.28 and ₹12.25 respectively, from ₹11.59 and ₹11.55 for the year ended March 31, 2026. The return on net worth is projected to rise to 24.92% post-buyback, compared to 19.05% for the 12 months ended March 31, 2026.

Key Buyback Metrics

Wipro Limited has granted 1,02,475 Restricted Stock Units (RSUs) to an identified employee under its Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. The grant is effective from May 20, 2026.

Grant Details

The allocation of RSUs was approved as part of the company's employee compensation plan. The units are subject to a vesting schedule that has been approved by the Nomination and Remuneration Committee of the Board. Once vested, the units can be exercised over a specific period as determined by the Committee.

Scheme Overview

The grant falls under the Company's comprehensive scheme for 2024, which encompasses Employee Stock Options, Performance Stock Units, and Restricted Stock Units. This initiative aims to align the interests of employees with those of the shareholders by offering equity-based incentives.