Wipro announced Rs 15,000 crore buyback via the tender offer route while announcing its results for the quarter-ended March 2026 (Q4FY26). The company has proposed to buy back 5.7 per cent of the total paid-up equity share capital of the company, or up to 60 crore shares, from shareholders at Rs 250 per share.
The buyback price is 19 per cent higher than the stock’s closing price on Thursday’s of Rs 210.15 per share on the NSE.
The buyback, Wipro said, is proposed to be made from the existing shareholders of the Company (including persons who become shareholders by cancelling American Depository Receipts (ADRs) and receiving underlying equity shares) as on the record date on a proportionate basis under the tender offer route in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (“Buyback Regulations”) and the Companies Act, 2013 and rules.
Stock strategy: Wipro
Analysts suggest eligible investors should tender their shares in the buyback offer in the backdrop of the current market set up and how artificial intelligence (AI) is shaping the information technology (IT) landscape.
“Investors should tender their shares. The overall market sentiment is volatile. IT stocks may also remain under pressure in the backdrop of conflict in West Asia and the trade deal with the US. The buyback has given a good exit route to investors,” said G Chokkalingam, founder and head of research at Equinomics Research.
Stocks of LTM, Coforge, Wipro, Infosys and TCs have been the worst performers at the bourses, falling up to 22 per cent during this period, ACE Equity data shows.
Over the next two quarters, Ambareesh Baliga, an independent market analyst expects fortunes of Indian IT companies to remain under pressure amid AI-related developments. The tender offer, he too believes, is a good opportunity for shareholders to exit the stock.
“What a lot of Indian companies are doing now can/may be done using AI going ahead. So in that context, there will be operational and pricing pressure, which will show up in the finances of these companies. Order wins and deliveries, too, will face a challenging time going ahead. They will be hard-pressed to deliver. The buyback via a tender route at the proposed price of Rs 250 apiece gives shareholders a good exit route,” he said.
