IT giant Wipro has announced June 5, 2026, as the record date for its massive share buyback programme.
This means shareholders holding Wipro shares till this date will be eligible to participate in the buyback.
The company plans to buy back shares worth ₹15,000 crore, making it the biggest buyback programme in Wipro’s history.
This is also the company’s first buyback announcement in the last three years.
Wipro to Buy Shares at ₹250 Each
According to the company’s stock exchange filing, Wipro will buy back up to 60 crore fully paid-up equity shares.
The buyback price has been fixed at ₹250 per share.
The shares have a face value of ₹2 each, and the buyback will happen through the tender offer route on a proportionate basis.
The company said the buyback size represents around 5.72% of Wipro’s total paid-up equity share capital.
Why Share Buybacks Matter for Investors
A share buyback happens when a company purchases its own shares from investors.
This usually reduces the total number of shares in the market and is often seen as a positive signal because it shows the company has confidence in its financial position.
Buybacks can also benefit shareholders by offering them an opportunity to sell shares at a premium price.
Wipro’s move is being viewed as one of the biggest corporate actions in the Indian IT sector this year.
Shareholders Also Approve Key Appointments
Apart from the buyback, Wipro shareholders also approved several important board-level decisions.
The company confirmed the re-appointment of Tulsi Naidu as an independent director for a second five-year term from July 1, 2026, to June 30, 2031.
Shareholders also approved the appointment of Laura Marie Miller as an independent director from April 1, 2026, till March 2031.
Cognizant Also Expands Buyback Programme
Meanwhile, US-based IT services company Cognizant has also increased its share buyback target.
The company announced that it is expanding its repurchase programme from $1 billion to $2 billion.
Cognizant CEO Ravi Kumar S said the company is confident about long-term growth opportunities in artificial intelligence (AI) and believes its current share price does not fully reflect future potential.
He added that early investments in AI could help Cognizant become a leader in AI-driven enterprise transformation in the coming years.
