WIPRO LTD (WIT) Form 6-K — May 26, 2026
Wipro Limited announced a share buyback program of up to 600 million equity shares, representing 5.72% of its total paid-up capital, for an aggregate consideration of up to INR 1.5 trillion (approximately $16.3 billion). The buyback price is set at INR 250 per share, which represents a premium of 16.30% over the 60-day volume-weighted average market price and 28.51% over the 10-day average. The buyback is being conducted through a tender offer route, with a record date of June 5, 2026. Shareholders holding American Depositary Shares (ADSs) on the NYSE must cancel their ADSs and withdraw the underlying equity shares in India by June 2, 2026, to participate.
Key figures
- Gross Proceeds
- 1,500,000,000,000 INR
- Offering Price
- 250 INR
- Shares Offered
- 600,000,000
- Record Date
- 2026-06-05
- Buyback Size Usd
- 16.3 billion
- Premium To Book Value
- 311.77%
- Cancellation Deadline
- 2026-06-02
- Premium To Market10 Day
- 28.51%
- Premium To Market60 Day
- 16.30%
- Percent Of Free Reserves
- 24.99%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.