WIT WIPRO LTD
Price Chart
Executive Summary
Wipro has filed its Letter of Offer for a buyback of up to 600 million equity shares (5.72% of outstanding) at ₹250 per share, aggregating ₹15,000 crore. The buyback opens June 11 and closes June 17, 2026, with a record date of June 5. Promoters intend to participate, and 15% of the offer is reserved for small shareholders.
Actionable Insight
The buyback terms were previously announced and are now formalized; the offer provides a near-term price floor but is largely anticipated. Traders should watch subscription levels and the subsequent extinguishment date. No material surprise relative to the earlier public announcement.
Key Facts
- Buyback of up to 60,00,00,000 equity shares at ₹250 per share for total consideration of ₹15,000 crore.
- Buyback represents 5.72% of paid-up equity capital; premium of 16.3% over 60-day VWAP.
- Opens June 11, closes June 17, 2026. Record date: June 5, 2026.
- Promoter group (72.53% holding) intends to tender shares; 15% reserved for small shareholders.
- Buyback funded from free reserves; no debt used.
Financial Impact
Wipro is returning ₹15,000 crore (~$1.8B) to shareholders via buyback at a 16.3% premium, reducing share count by 5.72%.
Risk Factors
- Underlying business trends (IT Services constant-currency revenue decline) may cap upside despite buyback.
- Historical stock performance suggests limited positive reaction to corporate actions.
- Execution risk if tendering process faces delays or lower-than-expected participation.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-263708 |
| Document: d62338d6k.htm | 0001193125-26-263708 |
| Document: d62338dex991.htm | 0001193125-26-263708 |
| Document: 0001193125-26-263708-index-headers.html | 0001193125-26-263708 |
| Document: 0001193125-26-263708-index.html | 0001193125-26-263708 |
| Document: 0001193125-26-263708.txt | 0001193125-26-263708 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $2.10 awaiting T+1 | awaiting T+1 | — | $2.20 (+5.01%) |
|
Jun 9, 2026
3d ago
|
6-K
| $2.15 awaiting T+1 | awaiting T+1 | — | $2.20 (+2.33%) |
|
Jun 2, 2026
10d ago
|
20-F
| $2.13 $2.07 | ▼ −2.82% | ▼ −3.22% | $2.20 (+3.29%) |
|
May 22, 2026
21d ago
|
6-K
| $2.06 $2.05 | ▼ −0.49% | ▼ −0.44% | $2.20 (+6.80%) |
|
Apr 22, 2026
7w ago
|
6-K
| $2.03 $2.04 | ▲ +0.49% | ▼ −0.29% | $2.20 (+8.37%) |
|
Apr 21, 2026
7w ago
|
6-K
| $2.11 $2.03 | ▼ −3.79% | ▼ −3.40% | $2.20 (+4.27%) |
|
Apr 17, 2026
8w ago
|
6-K
| $2.14 $2.13 | ▼ −0.47% | ▲ +0.19% | $2.20 (+2.80%) |
|
Apr 17, 2026
8w ago
|
6-K
| $2.19 $2.14 | ▼ −2.28% | ▼ −2.09% | $2.20 (+0.46%) |
|
Apr 8, 2026
9w ago
|
6-K
| $2.26 $2.17 | ▼ −3.98% | ▼ −3.92% | $2.20 (−2.65%) |
|
Apr 6, 2026
9w ago
|
6-K
| $2.25 $2.25 | · 0.00% | ▼ −2.54% | $2.20 (−2.22%) |
US Market Status
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