Wipro (NYSE: WIT) completes extinguishment of 60,00,00,000 buyback shares
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Wipro Limited has completed the cancellation of equity shares repurchased under its 2026 share buyback. The company extinguished 60,00,00,000 equity shares, reducing its equity share capital from 10,50,35,49,797 shares to 9,90,35,49,797 shares.
The buyback tendering period ran from June 11 to June 17, 2026, with extinguishment dated June 25, 2026 and confirmed by depositories and the registrar. Promoter and promoter group holdings moved from 7,61,68,40,898 shares to 7,18,87,95,772 shares, while total equity capital remains fully subscribed at 100% pre- and post-buyback.
Positive
- None.
Negative
- None.
Key Figures
Shares extinguished: 60,00,00,000 equity shares
Pre-buyback equity capital: 10,50,35,49,797 shares
Post-buyback equity capital: 9,90,35,49,797 shares
+4 more
7 metrics
Shares extinguished
60,00,00,000 equity shares
Total equity shares cancelled in 2026 buyback
Pre-buyback equity capital
10,50,35,49,797 shares
Equity share capital before extinguishment
Post-buyback equity capital
9,90,35,49,797 shares
Equity share capital after extinguishment
Promoter shares post-buyback
7,18,87,95,772 shares
Promoter and promoter group holdings after buyback
Demat shares extinguished
59,99,96,904 shares
Cancelled via JM Financial Services on June 25, 2026
Physical shares extinguished
3,096 shares
Cancelled in certificate WPL061296 on June 25, 2026
NSDL debit quantity
599,996,904.000 shares
NSDL system debit on June 25, 2026
Key Terms
Buyback Regulations, Tendering Period, extinguishment, Public Announcement, +2 more
6 terms
Buyback Regulations regulatory
"In accordance with the provisions of Regulations 24(iv) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the “Buyback Regulations”)"
Tendering Period financial
"the Tendering Period for the Buyback opened on Thursday, June 11, 2026 and closed on Wednesday, June 17, 2026"
A tendering period is the set time window when shareholders can agree to sell their shares in response to a buyout offer or corporate repurchase. Like a limited-time sale where sellers decide whether to accept the offered price, it matters to investors because the outcome determines whether their shares will be bought, at what price and quantity, and how control, share count and liquidity of the company may change afterward.
extinguishment financial
"Completion of extinguishment of 60,00,00,000 (Sixty Crore) Equity Shares of Wipro Limited"
Public Announcement regulatory
"Pursuant to the public announcement dated May 22, 2026 (the “Public Announcement”)"
Letter of Offer financial
"and the letter of offer dated June 9, 2026 (the “Letter of Offer”)"
Secretarial Auditor regulatory
"For V Sreedharan & Associates Secretarial Auditor Firm Registration No: P1985KR014800"
FAQ
What did Wipro (WIT) announce in this June 2026 Form 6-K?
Wipro announced completion of its 2026 share buyback, confirming extinguishment of 60,00,00,000 equity shares. This reduced the company’s total equity share capital and formalized the cancellation through confirmations from depositories, the registrar, auditors, and senior management.
Over what period did Wipro’s 2026 buyback tender take place?
The buyback tendering period opened on Thursday, June 11, 2026, and closed on Wednesday, June 17, 2026. These dates were set out in the May 22, 2026 public announcement and the June 9, 2026 letter of offer referenced in the disclosure.