Wipro completes extinguishment of 60 crore equity shares
Wipro Limited has extinguished 60,00,00,000 equity shares bought back at ₹250 per share, reducing its equity capital to 9,90,35,49,797 shares. The promoter group holds 72.59%, while foreign investors hold 27.41% post-buyback.
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Wipro Limited has completed the extinguishment of 60,00,00,000 fully paid-up equity shares bought back at ₹250 per share. The buyback utilized an aggregate amount of ₹1,50,00,00,00,000 and was subscribed 13.74 times during the tender period from June 11, 2026, to June 17, 2026. Following the extinguishment, the company's issued, subscribed, and fully paid-up equity share capital stands at 9,90,35,49,797 shares of ₹2 each, amounting to ₹19,807 million.
The extinguishment process was finalized on June 25, 2026, comprising 59,99,96,904 shares in dematerialized form and 3,096 shares in physical form. KFin Technologies Limited acted as the registrar to the buyback, while JM Financial Services Limited facilitated the extinguishment of dematerialized shares. The promoter and promoter group holding remains stable at 72.59% of the post-buyback equity share capital.
Share Capital Adjustment
The equity share capital prior to extinguishment was 10,50,35,49,797 shares. This figure included 7,41,918 shares and 5,37,492 shares allotted to employees on June 9, 2026, and June 19, 2026, respectively, under various employee stock option plans.
| Parameter | Number of Equity Shares |
|---|---|
| Equity share capital before extinguishment | 10,50,35,49,797 |
| Number of Equity Shares extinguished | 60,00,00,000 |
| Equity share capital after extinguishment | 9,90,35,49,797 |
Shareholding Pattern
The post-buyback shareholding pattern indicates a reduction in public holding while promoter group stability was maintained. Foreign investors' holding increased to 27.41% of the post-buyback capital.
| Category | Pre Buyback Shares | Pre Buyback % | Post Buyback Shares | Post Buyback % |
|---|---|---|---|---|
| Promoter and Promoter Group | 7,61,68,40,898 | 72.52 | 7,18,87,95,772 | 72.59 |
| Foreign Investors | 1,21,68,26,162 | 11.58 | 2,71,47,54,025 | 27.41 |
| Financial Institutions/Banks, NBFCs & Mutual Funds | 59,08,46,761 | 5.63 | - | - |
| Others | 1,07,90,35,976 | 10.27 | - | - |
| Total | 10,50,35,49,797 | 100.00 | 9,90,35,49,797 | 100.00 |
Major Shareholder Participation
Entities holding more than 1% of the total equity shares bought back included Azim Hasham Premji partner representing Zash Traders, Prazim Traders, and Hasham Traders, along with the Azim Premji Trust and Life Insurance Corporation of India.
| Name | Number of Equity Shares Accepted | % of Total Buyback |
|---|---|---|
| AZIM HASHAM PREMJI PARTNER REPRESENTING ZASH TRADERS | 12,40,39,708 | 20.67 |
| AZIM HASHAM PREMJI PARTNER REPRESENTING PRAZIM TRADERS | 12,16,83,230 | 20.28 |
| AZIM HASHAM PREMJI PARTNER REPRESENTING HASHAM TRADERS | 10,62,79,402 | 17.71 |
| AZIM PREMJI TRUST | 3,83,24,141 | 6.39 |
| AZIM HASHAM PREMJI | 2,32,96,670 | 3.88 |
| LIFE INSURANCE CORPORATION OF INDIA (MULTIPLE SCHEMES) | 1,39,55,250 | 2.33 |
| PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED | 1,09,11,016 | 1.82 |
| Total | 43,84,89,417 | 73.08 |
Historical Stock Returns for Wipro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.76% | -1.41% | -4.82% | -34.86% | -35.39% | -35.04% |
How will the significant reduction in equity shares impact Wipro's earnings per share (EPS) and future dividend payouts?
What does the increase in foreign investor holding to 27.41% suggest about international confidence in Wipro's growth strategy?
With the buyback completed, will Wipro shift its capital allocation strategy towards acquisitions or R&D investments?
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