Wipro's Rs.15,000 crore buyback opens tomorrow: Should you tender your shares? Key details explained
Wipro share buyback, June 10 -- IT major Wipro's much-awaited Rs.15,000 crore share buyback is set to open tomorrow, June 11 and close on June 17, marking the company's first buyback announcement in nearly three years.
The tech stock plans to repurchase up to 60 crore shares, representing 5.7% of its total paid-up share capital, under the tender offer route.
The buyback comes at a time when Wipro shares have been under pressure amid concerns around AI-led disruption in the IT sector. The stock has declined 29% in the last six months and is down about 32% so far in 2026. Against this backdrop, investors are closely evaluating whether participating in the buyback makes sense, particularly given the premium being offered and the differing ...
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