New Delhi, May 16 -- In April, Wipro announced a share buyback of Rs.15,000 crore. Shortly after, in May, Bajaj Auto announced a share buyback of Rs.5,632 crore. Apart from these, other companies such as Aurobindo Pharma, Kajaria Ceramics and Cyient have also announced share buybacks in the last couple of months. In Budget 2026, Finance Minister Nirmala Sitharaman announced changes to the tax treatment for the share buyback gains. In this article, we will understand what the Budget 2026 announcement was and why companies are announcing share buybacks now.

On 16 April 2026, Wipro announced a share buyback of Rs.15,000 crore. The company will do the buyback for Rs.250/share. The buyback price is approximately 20% premium to the market pric...