Wipro Sets Record Date for ₹15,000 Crore Share Buyback Program
WIT is trading near its 52-week low of $1.8 (12% above the low) on light trading volume (0.4× avg).
Summary
Wipro has announced June 5, 2026, as the record date for its substantial ₹15,000 Crore share buyback program, allowing eligible shareholders to participate.
Key Events · Financing and Capital Events · WIT
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Record Date Set for Share Buyback
Wipro has fixed Friday, June 5, 2026, as the record date for its share buyback program, determining eligibility for participation.
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Significant Buyback Program Confirmed
The company will buy back up to 600 million shares at ₹250 each, totaling ₹15,000 Crore, representing 5.72% of its equity capital.
Analysis · WIT · Technology
This filing provides the crucial record date for shareholders to determine eligibility for Wipro's previously approved ₹15,000 Crore share buyback. The buyback, representing 5.72% of equity capital, is priced at a premium, indicating management's confidence and aiming to return value to shareholders.
At the time of this filing, WIT was trading at $2.01 on NYSE in the Technology sector, with a market capitalization of approximately $21.8B. The 52-week trading range was $1.80 to $3.13. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.