Wipro buyback 2026: Rs 15,000-crore record date June 5

Record date announced for eligibility

Wipro Limited has fixed June 5, 2026 as the record date for its proposed Rs 15,000 crore share buyback. The record date determines which shareholders are eligible to participate in the tender offer. Wipro said shareholders whose names appear in the company’s records as of June 5 will be able to tender shares under the buyback.

What the buyback involves

The Bengaluru-based tier-1 IT services company plans to buy back up to 60 crore fully paid-up equity shares. Each equity share has a face value of Rs 2, and the buyback price has been set at Rs 250 per share. The total buyback size is capped at an aggregate amount not exceeding Rs 15,000 crore. Wipro has stated the repurchase will be executed through the tender offer route, on a proportionate basis.

Approvals already in place

Wipro told stock exchanges that both board and shareholder approvals have been secured for the proposal. The board of directors approved the Rs 15,000 crore programme on April 16, 2026. The company also referenced a subsequent communication dated May 21, 2026, noting shareholder approval for the buyback.

Tender offer route and proportionate acceptance

The buyback is being conducted via the tender offer process. Under this mechanism, eligible shareholders can offer shares back to the company at the announced buyback price, subject to acceptance based on entitlement and overall response. Wipro has described the process as proportionate, meaning acceptance depends on category-wise participation and the entitlement ratio.

ADR cancellation holders also covered

Wipro has stated that the buyback is proposed to be made from existing shareholders as on the record date. This eligibility includes persons who become shareholders by cancelling American Depository Receipts (ADRs) and receiving the underlying equity shares. The company has reiterated that all shareholders on the record date can participate, subject to the buyback regulations and the final offer documents.

Key numbers at a glance

Stock market reaction on the day

Wipro shares ended higher following the disclosure. The stock settled 1.62% up at Rs 202.97 apiece on the NSE. The buyback price of Rs 250 has been described as carrying a premium versus recent market prices cited in the reports, including a comparison to closes around Rs 204 and Rs 210.26.

How the retail bucket is expected to work

The acceptance or entitlement ratio for the buyback has not been announced in the information provided. One brokerage note cited in the material explains that, based on Wipro’s context, around 9 crore shares worth Rs 2,250 crore at the buyback price could be reserved for small shareholders holding shares worth up to Rs 2 lakh on the record date. Another brokerage observation, based on Wipro’s FY25 shareholding pattern, cautioned that retail entitlement could change if participation increases closer to the record date.

Context from Wipro’s earlier buyback

Wipro’s last buyback exercise was undertaken in June 2023. In that programme, the company repurchased shares worth Rs 12,000 crore between June 22 and June 30, acquiring 26.96 crore equity shares. That represented 4.91% of its total equity, and the buyback price then was Rs 445 per share. Separately, Wipro has also been described as offering a premium comparable to the 2023 programme, with one report noting a similar premium level.

Timeline of disclosed milestones

Why the record date matters for investors

The record date is the cut-off for determining who can participate in the tender offer. Only shareholders on Wipro’s records as of June 5, 2026 will be eligible to tender shares, including those who receive equity shares after ADR cancellation prior to the record date. Operational details such as the process steps and timelines are expected to be set out in the public announcement and letter of offer under the buyback regulations.

Conclusion

Wipro has now formally set June 5, 2026 as the record date for its Rs 15,000 crore buyback at Rs 250 per share, covering up to 60 crore shares through the tender route. With approvals already referenced and the eligibility date defined, investors will watch for the public announcement and letter of offer for the remaining procedural timelines and category-wise entitlement details.