The board of Wipro has approved a massive ₹15,000 crore share buyback along with its Q4FY26 results. This is the biggest buyback in the company’s history and could offer a strong earning opportunity for investors.
Company Plans to Buy Back 600 Million Shares
Wipro has decided to buy back up to 60 crore (600 million) fully paid-up equity shares, which is about 5.7% of its total shares.
For this, the company will spend more than ₹15,000 crore. The buyback price has been fixed at ₹250 per share, which is about 19% higher than the current market price of ₹210.20.
This means if you hold Wipro shares, the company is ready to buy them from you at a higher price, making it an attractive option for investors looking for better returns.
Buyback Through Tender Offer: How It Works
The buyback will be done through a tender offer. In simple terms, if you own Wipro shares on the record date, you can choose to sell some or all of your shares back to the company.
The company will invite eligible shareholders to participate. If you agree, the shares will be bought by Wipro, and the money will be directly credited to your bank account.
However, not all shares may be accepted, as the buyback happens in a fixed proportion. So, the number of shares you can sell may be limited.
Why Companies Like Wipro Do Buybacks
Companies usually announce buybacks when they have extra cash and believe their stock is undervalued.
By reducing the total number of shares in the market, the company can improve its earnings per share (EPS). This often supports the stock price in the long term and can benefit remaining shareholders.
