Bengaluru, April 16 -- Wipro Ltd on Thursday announced its largest-ever share buyback of Rs.15,000 crore, even as India's fourth-largest information technology (IT) services company capped a third straight year of revenue decline, and flagged a weak start to fiscal year 2027 (FY27).

The Bengaluru-based firm said it will repurchase 600 million shares at Rs.250 apiece, a 19% premium to Thursday's closing price of Rs.210.2. The buyback comes even as analysts flag weak near-term growth, despite a strong deal pipeline.

At a post-earnings media conference, Aparna Iyer, Wipro's chief financial officer, said the company is actually returning excess cash on its balance sheet, after ensuring that the net cash available after the buyback is able t...