Wipro’s board authorised the plan to purchase again as much as 60 crore shares, representing 5.7% of the full paid-up share capital, for an combination quantity not exceeding Rs 15,000 crore.
The buyback will likely be completed through the tender route, and all shareholders on the document date, together with those that obtained the fairness shares after cancelling their American Depository Receipts (ADR), will likely be eligible to participate within the company motion.
Additionally learn: Wipro This fall Outcomes: Revenue slips 2% YoY to Rs 3,502 crore, however income rises 8%
Wipro stated that promoters and promoter teams have indicated their intention to take part within the proposed buyback. The document date and different timelines will likely be introduced quickly
Wipro This fall earnings
Wipro introduced the share buyback together with its earnings for the January-March quarter of the monetary 12 months 2026. The IT main’s consolidated internet revenue declined 2% YoY to Rs 3,502 crore in the course of the interval below assessment, whereas income from operations elevated 8% YoY to Rs 24,236 crore.
Nevertheless, Wipro’s core IT providers section confirmed restricted traction. Income stood at $2.65 billion, rising simply 0.6% quarter-on-quarter and a couple of.1% year-on-year. On a relentless foreign money foundation, IT providers income rose 0.2% sequentially however declined 0.2% on an annual foundation, highlighting weak underlying demand.
Wipro share value
Wipro shares rose marginally to shut at Rs 210.26 apiece on NSE on Friday. The inventory has gained round 4% in a single week and eight% in a single month, however declined by over 21% in 2026 to this point following the sharp AI worries and Iran-US war-led selloff.
Buyback of shares refers to a company motion the place an organization repurchases its personal shares from the present shareholders. Normally, the corporate purchases the shares at a better value than the present ranges, encouraging buyers to take part. Usually, an organization decides to purchase again its shares in an effort to improve share worth, utilise surplus money, stop hostile takeovers or improve promoter holdings.
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