CORPORATE
Wipro declares Rs 15,000-crore share buyback; bullish on large, AI-led deals
- IBJ Bureau
- Apr 17, 2026
Wipro has announced a share buyback worth up to Rs 15,000 crore.
The IT major has said that it plans to buy back up to 60 crore equity shares, representing about 5.7 per cent of its total equity.
The buyback will be carried out at a price of Rs 250 per share through the tender offer route. The proposal is subject to shareholders’ approval.
Speaking on the board’s share buyback decision, Wipro Chief Financial Officer Aparna Iyer has said: “We have continued to invest in our clients, capabilities and people and maintained our margins in a narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6 per cent of net income for FY26. During the year, we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently-concluded board meeting, the board of directors has announced buyback of Rs 15,000 crore at a price of Rs 250, subject to shareholders’ approval.”
Wipro had last announced a share buyback on April 27, 2023. The buyback was worth Rs 12,000 crore, with the company offering to repurchase shares at a price of Rs 445 per share.
The company has added that it continues to see strong traction in large and strategic deals, particularly in AI-led transformation projects.
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