Wipro Limited announced on May 28, 2026, an expanded partnership with ServiceNow to implement and scale agentic AI workflows across core enterprise functions including IT, HR, procurement, and cybersecurity. This strategic integration combines Wipro Intelligence™ with the ServiceNow AI Platform to enable organizations to streamline the initiation, orchestration, and execution of work across enterprise systems. The initiative aims to reduce manual coordination, improve visibility into work progress, accelerate turnaround times, and strengthen operational governance.

Under the expanded partnership, Wipro will leverage specific solutions from its Wipro Intelligence™ suite that utilize ServiceNow AI Platform capabilities. These solutions include SmartProcure for streamlining procurement workflows, Telco Autonomous Networks for modernizing service operations, and Cyber Transform for strengthening security operations. By integrating these tools, enterprises can expect a unified experience for managing work requests, policy-aligned execution with built-in governance, and improved cycle times through reduced manual handoffs.

The collaboration addresses the challenge of executing AI at scale by providing a consulting-led, AI-powered approach. This approach translates business priorities into industry-aligned AI solutions, helping clients streamline operations and drive measurable outcomes. The partnership focuses on delivering policy-aligned actions that enhance employee experience, operational agility, and measurable business value.

Amit Zavery, President, Chief Operating Officer, and Chief Product Officer at ServiceNow, emphasized that connected, governed, and outcome-driven AI is the focus of this partnership. He noted that when agentic AI runs inside secure workflows, it enables the delivery of real results and makes the agentic enterprise possible.

Malay Joshi, Chief Executive Officer of Wipro’s Americas 1 Strategic Market Unit, highlighted that the partnership bridges the gap between AI ambition and execution at scale. He stated that the integration with Wipro Intelligence™ helps clients scale AI adoption with the right governance and controls in place.

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