Wipro Launches ₹15,000 Crore Share Buyback at ₹250 Per Share; Record Date Set for June 5
मुख्य बातें
- •Wipro to buy back up to 60 crore shares worth ₹15,000 crore at ₹250 per share, a 23% premium over the previous close of ₹203.11
- •Record date set for June 5, 2025; promoters and promoter groups will participate
- •SEBI mandates 15% (₹2,250 crore / 9 crore shares) reserved for small shareholders; eligibility threshold is 800 shares
- •Retail entitlement ratio expected between 50%–60%, with potential pre-tax returns of 11%–13% over 2–3 months
- •Buyback executed via tender route; all shareholders holding shares on record date are eligible, including ADR converters
IT services major Wipro has initiated a ₹15,000 crore share buyback program, marking the company’s first such corporate action in nearly three years. The buyback will be conducted at a fixed price of ₹250 per share, which represents a 23% premium over the stock’s closing price of ₹203.11 on the National Stock Exchange (NSE) on the previous trading day. The record date for determining eligible shareholders has been set for June 5, 2025. According to the company’s board approval in April, up to 60 crore shares—constituting 5.7% of its total paid-up share capital—will be repurchased through the tender route. All shareholders holding shares in their demat accounts on the record date will be eligible, including those who have converted their American Depository Receipts (ADRs) into equity shares.
