Wipro board approves Rs 15,000 crore buyback; Q1 FY27 guidance cut to negative 2-0%
BENGALURU: Wipro on Thursday said its board has approved its largest-ever share buyback worth Rs 15,000 crore through a tender offer, which it expects to complete in the first quarter of 2027.
The company’s board approved a buyback proposal worth Rs 15,000 crore at a price of Rs 250 per share, subject to shareholder approval. The company said it plans to buy back up to 60 crore equity shares, representing 5.7% of its total paid-up equity share capital. The offer price is at a 19% premium to the closing price of Wipro shares on April 16.
