Wipro had issued letter of intent to graduates in May last year, confirming their selection
Wipro today announced a share buyback worth ₹15,000 crore, its first in three years and the largest ever, as the company looks to boost its share price and also reward shareholders.
The company is buying back 60 crore equity shares, which represent 5.7 per cent of the total paid-up equity share capital, at an offer price of ₹250. That is a premium of 19 per cent to Thursday’s closing price on the BSE at ₹210.
“Our endeavour has always been to return a substantial portion of the cash generated to our shareholders and for FY26 alone, we distributed $1.3 billion of cash in the form of dividends, taking our total payout ratio for the three-year block ending FY26 to 88 per cent, which is significantly higher than our stated capital allocation policy,” chief financial officer Aparna Iyer said.
India’s fourth-largest IT services provider’s shares have dropped nearly 21 per cent in the last three months, in line with its peers, as investors remained worried about the impact of artificial intelligence on the future of services companies. The macro uncertainties and war have not helped either, as earnings forecasts have become bleak.
Bengaluru-based Wipro also said members of the promoter and promoter group have indicated their intention to take part in 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
