Wipro grants 66,138 RSUs under ESOP Scheme 2024

1 min read     Updated on 04 Jul 2026, 01:26 AM
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Shriram SScanX News Team
AI Summary

Wipro Limited granted 66,138 ADS Restricted Stock Units to identified employees and its subsidiary under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024, effective July 3, 2026. The units vest per the schedule approved by the Nomination and Remuneration Committee.

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Wipro Limited has granted 66,138 ADS Restricted Stock Units to identified employees of the company and its subsidiary under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. This grant is effective from July 3, 2026. The issuance of these units is part of the company's compensation strategy to incentivize employees.

The granted units will vest as per the vesting schedule approved by the Nomination and Remuneration Committee of the Board. Eligible employees can exercise these units over the exercise period as approved by the Committee. The specific details regarding the vesting milestones and exercise period were not disclosed in the filing.

The communication regarding this grant was addressed to the Manager - Listing at BSE Limited and the National Stock Exchange of India Limited. The disclosure was signed by M Sanaula Khan, Company Secretary of Wipro Limited, on July 3, 2026.

Detail Information
Scheme Name Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024
Type of Unit ADS Restricted Stock Units
Number of Units Granted 66,138
Effective Date July 3, 2026
Approval Authority Nomination and Remuneration Committee of the Board

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
+1.69%+1.33%-0.28%-32.18%-32.68%-32.14%

How will this grant impact Wipro's retention strategy in the competitive IT sector?

What are the potential market reactions to the dilution of shares from these units?

Could this move signal a broader trend in employee compensation within the industry?

Wipro completes extinguishment of 60 crore equity shares

2 min read     Updated on 01 Jul 2026, 05:15 AM
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AI Summary

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 Day5 Days1 Month6 Months1 Year5 Years
+1.69%+1.33%-0.28%-32.18%-32.68%-32.14%

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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