Wipro sets June 5 record date for large buyback
Wipro Limited has set Friday, June 5, 2026 as the record date to determine which equity shareholders are eligible to participate in its previously approved share buyback.
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Rhea-AI Filing Summary
Wipro Limited has set Friday, June 5, 2026 as the record date to determine which equity shareholders are eligible to participate in its previously approved share buyback. Eligibility will be based on shareholders’ names appearing on that date.
The buyback covers up to 60,00,00,000 fully paid equity shares of face value ₹2 each, at a price of ₹250 per share, for a total amount of up to ₹1,50,00,00,00,000, to be carried out on a proportionate basis through the tender offer process.
Insights
Wipro sets June 5, 2026 record date for a large tender-offer buyback.
Wipro confirms a record date of June 5, 2026 for a tender-offer share buyback of up to 60 crore equity shares at ₹250 per share, totaling up to ₹1,50,00,00,00,000. The buyback has already been approved by the board and shareholders.
The transaction is structured on a proportionate basis via the tender offer route under Indian and NYSE rules, so actual take-up will depend on how many shareholders tender shares. The filing mainly formalizes timing for entitlement determination rather than changing the economic terms.
Investors can focus on how many shares are ultimately tendered and accepted once results are disclosed in later communications. That outcome will determine the final reduction in Wipro’s share count and the capital deployed under the approved buyback size.
Key Figures
Key Terms
record date financial
tender offer process financial
proportionate basis financial
remote electronic voting financial
FAQ
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