WIPRO LTD (WIT) Form 6-K — May 21, 2026
Wipro Limited shareholders have overwhelmingly approved a massive share buyback program valued at up to ₹15,000 crore (approximately $18 billion). The resolution, passed via postal ballot and e-voting, authorizes the repurchase of up to 600 million equity shares, representing 5.72% of the company's total paid-up capital, at a price of ₹250 per share. The buyback represents 19.99% of the company's free reserves as of March 31, 2026, signaling strong confidence in its cash generation capabilities and commitment to returning capital to shareholders. The program will be executed via a tender offer route, with 15% of the shares reserved for small shareholders.
Key figures
- Gross Proceeds
- 150000000000
- Offering Price
- 250
- Shares Offered
- 600000000
- Face value per share
- 2
- Usd equivalent proceeds
- ~18.0 billion
- Buyback percentage of capital
- 5.72%
- Buyback percentage of free reserves
- 19.99%
AI analysis
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