By Admin 
Wipro Buyback 2026: The board of IT sector giant Wipro has approved share buyback of Rs 15000 crore with the results of its fourth quarter (Q4FY26). This buyback of Wipro is not only the biggest buyback in the history of the company, but it is also a golden opportunity for investors.
The company will take back crores of its shares
The Board of Wipro in its meeting today has approved buyback of up to 60,00,00,000 fully paid-up equity shares or 5.7% of the total paid-up equity share capital for an aggregate amount exceeding Rs 15,000 crore, subject to the approval of the shareholders of the company.
Overall, Wipro will buy back 60 crore shares from its investors. For this the company is going to spend Rs 15000 crore. The board has fixed the price of Rs 250 per share for this, which represents an increase of 19 percent compared to the current price of its shares of Rs 210.20. That means the company will buy one share from you for Rs 250. Meaning, this is a golden opportunity for investors to get better returns.
Buyback will be done through tender offer
This buyback will be done through tender offer. This means that those who hold shares of the company till the record date will be able to sell the shares back to the company in a certain proportion. If the number of shares is less, then the earnings per share of the company will be less, which is considered good for the share price in the long run. In the tender offer the company asks you whether you want to sell shares? If you agree, the company will transfer the money to your bank account. However, to avail the benefit of the scheme, you must hold shares of the company till the record date.
Why does the company do this?
When the company accumulates more cash and feels that the price of its shares is low, then it brings buyback. This reduces the number of shares in the market, which also increases the chances of the value increasing in the future.
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