Share Buyback: IT Giant Wipro Announces Rs. 15,000 Crore Offer at 19% Premium

The IT giant Wipro is now all over the news as it announced a whooping offer at 19% premium. Share buyback is now the most talked about in business circuits. The promoters and promoter group of the company owned 72.63% of Wipro as of December 31, 2025. The IT giant stated on Thursday that its board has authorized its biggest buyback ever through the tender procedure, which is anticipated to be finished in the first quarter of fiscal year 27.

The Rs. 15,000 crore share buyback that Wipro announced on April 16 will see participation from the company’s promoter group, according to CFO Aparna Iyer.

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A regulatory document states that Wipro will repurchase up to 600 million fully paid up equity shares (5.7% of total equity) at Rs. 250 per share, for a total of Rs. 15,000 crore. Shareholder permission is required for the offer price, which is 19% higher than the stock’s closing price on April 16.

The choice of promoters to join is in contrast to that of peers like Infosys, whose promoter group chose to withdraw from its Rs. 18,000 crore buyback last year. According to an exchange filing on Thursday, Wipro’s net income increased by more than 12% sequentially in the fourth quarter of fiscal year 26. The net income increased by a small 0.47% to Rs. 13,197.4 crore for the whole fiscal year FY26, while sales rose 3.96% to Rs. 92,624 crore.