Wipro buyback 2026: Rs 15,000cr dates, price, ratios

Buyback timeline now fixed for June 2026

Wipro has announced the timeline for its Rs 15,000 crore share buyback, with the tender offer set to open on Thursday, June 11, 2026, and close on June 17, 2026. The company disclosed the schedule and key participation details through a regulatory filing. The buyback is structured as a tender offer, which means eligible shareholders can offer their shares during the open window. Wipro has also published entitlement ratios for different categories of shareholders.

The company has fixed June 5, 2026, as the record date to determine eligibility. Only investors whose names appear in the company’s records and who held shares in their demat accounts on that date can participate. Wipro also clarified that shareholders who became eligible by cancelling American Depository Receipts (ADRs) and receiving the underlying equity shares can participate, provided they meet the record-date requirement.

Size of the offer: up to 60 crore shares

Wipro’s board has approved a repurchase of up to 60 crore fully paid-up equity shares. This works out to about 5.7 percent of its paid-up share capital (also cited as about 5.72 percent in the buyback details). The total buyback value will not exceed Rs 15,000 crore.

The company has explicitly set out the arithmetic for the maximum outlay: 60,00,00,000 equity shares multiplied by the buyback price of Rs 250 per share equals Rs 1,50,00,00,00,000, which is Rs 15,000 crore. Wipro has described this as its largest-ever share buyback. It has also indicated the buyback is expected to be completed in the first quarter of 2027.

Buyback price: Rs 250 per share, payable in cash

Under the offer, eligible shareholders can tender shares at a buyback price of Rs 250 per fully paid-up equity share, payable in cash. Wipro’s filing specifies the buyback price as “Rs 250 per fully paid up Equity Share, payable in cash.”

The buyback price has been described as 23.15 percent higher than the then-current market price of around Rs 203. Separately, the offer price was also described as being at a 19 percent premium to Wipro’s closing price on April 16, the date on which the board approved the buyback proposal.

Entitlement ratios: small shareholders vs general category

Wipro has disclosed different entitlement ratios for shareholders classified as small shareholders and for those in the general category. For the reserved category for small shareholders, the entitlement ratio is 11 equity shares for every 56 shares held as of the record date (June 5, 2026). For the general category, the entitlement ratio is 10 equity shares for every 197 shares held on the record date.

The company’s buyback details also state that a 15 percent portion is reserved for small shareholders. Entitlement ratios are used to indicate the number of shares a shareholder can tender under proportionate acceptance, although the final acceptance depends on the overall response to the offer and category-wise participation.

How the tender offer process works for investors

Eligible shareholders can tender their shares through brokers registered with the NSE or BSE during the offer period. Investors must communicate the number of shares they want to tender through their broker, typically via a corporate action or buyback section on the broker platform. Wipro has stated that shareholders should ensure all required documents are submitted before the closing date.

For shareholders holding physical share certificates (where applicable), completed tender forms and relevant documents must reach the registrar by June 17, 2026. Wipro also indicated that after the record date, it expects to dispatch the Letter of Offer to eligible shareholders within two working days, laying out detailed terms and conditions.

Key dates: verification, acceptance, settlement, extinguishment

After the tender window closes on June 17, the registrar is expected to complete verification of the tendered shares by June 19. The final acceptance or rejection status of shares submitted under the buyback is expected to be reported to stock exchanges by June 23, 2026.

Wipro has fixed June 24, 2026, as the last date for settlement of bids on the stock exchanges and the return of unaccepted equity shares by the stock exchanges to eligible shareholders and stock brokers. The company has also set July 6, 2026, as the last date for extinguishment of equity shares bought back under the offer.

ADR and ADS holders: what Wipro has clarified

Wipro stated that shareholders who obtained equity shares after cancelling ADRs can participate, subject to eligibility as of the record date. Separately, the buyback guidance also notes that holders of American Depository Shares (ADSs) cannot tender their holdings directly. To participate, ADS holders must convert their holdings into equity shares by submitting a withdrawal request to the depositary.

The guidance specifies that the withdrawal must occur at least three New York business days prior to the June 5, 2026 record date. This timing matters because eligibility is determined strictly on the record date.

Buyback size versus reserves and shareholding context

Wipro’s buyback size is described as 24.99 percent of standalone equity plus free reserves and 19.99 percent of consolidated equity plus free reserves, as of March 31, 2026. The buyback will be carried out via a proportionate tender offer.

The company has also indicated that promoters may tender a large part of their holdings. While the filing does not quantify promoter participation, the statement signals that the response could include promoter tenders along with retail and institutional participation.

Key terms and schedule at a glance

Buyback timeline table

Why these details matter for shareholders

For shareholders considering participation, the record date and tender window determine practical eligibility and timing. The entitlement ratios provide a category-wise reference for how many shares may be accepted under proportionate acceptance. The document submission requirement is especially relevant for shareholders who may need to send physical certificates where applicable.

From a market perspective, the buyback terms set a clear ceiling for the total cash outflow at Rs 15,000 crore and define the maximum number of shares that can be repurchased. The post-offer dates for verification, acceptance reporting, settlement, and extinguishment provide visibility on when shareholders can expect the process to conclude.

Conclusion

Wipro’s Rs 15,000 crore buyback is scheduled to run from June 11 to June 17, 2026, with a buyback price of Rs 250 per share and a maximum repurchase of 60 crore shares. The company has also laid out entitlement ratios for small shareholders and the general category and published a date-wise post-closure process through July 6. The next operational milestones after the tender window will be verification by June 19 and exchange reporting of acceptance or rejection by June 23, followed by settlement by June 24.