Wipro buyback: IT sector firm Wipro on Friday, May 22, fixed the record date for its largest-ever buyback worth ₹15,000 crore, according to a regulatory filing.
The company said that it has fixed Friday, June 5, 2026, as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.
On April 16, of ₹2 each, being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore at a price of ₹250 per equity share.
The company’s shareholder gave their approval for the buyback proposal on May 21.
According to the filings, the buyback of shares will be done through the tender offer process, which means that the shares will be repurchased at the determined fixed price.
Wipro Q4 results
Wipro posted a 12% quarter-on-quarter (QoQ) surge in its net profit to ₹3,502 crore in the January-March quarter of the 2025-26 financial year (Q4 FY26), compared to ₹3,119 crore in Q3 FY25. Annually, however, it declined 2% year-on-year (YoY) from ₹3,570 crore.
The company’s IT services revenue rose 0.6% quarter on quarter (QoQ) and 2.1% year on year (YoY) to $2,651 million.
Wipro’s revenue from operations advanced 8% to ₹24,236 crore in the fourth quarter of the previous financial year compared with ₹22,504 crore in the year-ago period.
The company expects revenue in the first quarter of the current financial year to be in the range of $2,597 million to $2,651 million, translating into sequential growth guidance of -2% to 0% in constant currency terms.
Wipro stock performance
Shares of Wipro closed 1.69% higher at ₹203.11 per unit on the National Stock Exchange (NSE) on Friday, ahead of the record date announcement.
The scrip has gained 7% in the past week but lost 24% on a year-to-date basis.
While the stock hit a 52-week high of ₹273.10 per equity share on December 22, 2025, it touched a year’s low of ₹186.50 apiece on March 30, 2026.
Wipro has a total market capitalisation of ₹2.13 lakh crore as of May 22, 2026, according to data on the NSE.