Wipro had issued letter of intent to graduates in May final 12 months, confirming their choice
Wipro at the moment introduced a share buyback value ₹15,000 crore, its first in three years and the most important ever, as the corporate appears to spice up its share value and in addition reward shareholders.
The firm is shopping for again 60 crore fairness shares, which symbolize 5.7 per cent of the whole paid-up fairness share capital, at a proposal value of ₹250. That is a premium of 19 per cent to Thursday’s closing value on the BSE at ₹210.
“Our endeavour has all the time been to return a considerable portion of the money generated to our shareholders and for FY26 alone, we distributed $1.3 billion of money within the type of dividends, taking our whole payout ratio for the three-year block ending FY26 to 88 per cent, which is considerably larger than our said capital allocation coverage,” chief financial officer Aparna Iyer said.
India’s fourth-largest IT providers supplier’s shares have dropped almost 21 per cent within the final three months, in keeping with its friends, as buyers remained frightened in regards to the affect of synthetic intelligence on the way forward for providers firms. The macro uncertainties and warfare haven’t helped both, as earnings forecasts have turn out to be bleak.
Bengaluru-based Wipro additionally mentioned members of the promoter and promoter group have indicated their intention to participate within the repurchase programme. Wipro did a ₹12,000 crore buyback in June 2023.
Source Capitaline
Compiled by BS Research Bureau
First Published: Apr 16 2026 | 7:33 PM IST