Wipro announces ₹15,000 crore buyback amid revenue decline, weak outlook
Wipro Ltd on Thursday announced its largest-ever share buyback of ₹15,000 crore, even as India’s fourth-largest information technology (IT) services company capped a third straight year of revenue decline, and flagged a weak start to fiscal year 2027 (FY27).
The Bengaluru-based firm said it will repurchase 600 million shares at ₹250 apiece, a 19% premium to Thursday’s closing price of ₹210.2. The buyback comes even as analysts flag weak near-term growth, despite a strong deal pipeline.
