STOCK TITAN

Wipro (NYSE: WIT) sets June 5, 2026 record date for ₹15,000 crore buyback

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

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.

Positive

  • None.

Negative

  • None.

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.

Record date June 5, 2026 Date to determine eligible shareholders for buyback
Maximum shares for buyback 60,00,00,000 equity shares Fully paid equity shares eligible under buyback
Buyback price ₹250 per share Fixed tender offer price per equity share
Maximum buyback amount ₹1,50,00,00,00,000 Aggregate cash consideration cap for buyback
Face value per share ₹2 per share Nominal value of each equity share
record date financial
"fixed Friday, June 5, 2026 as the Record Date for the purpose of determining the entitlement"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
tender offer process financial
"each at a price of ₹ 250/- per equity share on a proportionate basis through the tender offer process"
buyback of equity shares financial
"proposal to buyback up to 60,00,00,000 fully paid-up equity shares of the Company"
proportionate basis financial
"each at a price of ₹ 250/- per equity share on a proportionate basis through the tender offer process"
remote electronic voting financial
"matters voted by the shareholders through postal ballot in the form of remote electronic voting"
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of May 2026

Commission File Number 001-16139

 

 

Wipro Limited

(Translation of Registrant’s name into English)

 

 

Doddakannelli

Sarjapur Road

Bengaluru, Karnataka 560035, India +91-80-2844-0011

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒    Form 40-F ☐

 

 
 


ANNOUNCEMENT OF RECORD DATE

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with copies of the following information concerning the matters voted by the shareholders through postal ballot in the form of remote electronic voting (“e-voting”) and the record date for the proposed buyback of shares of the Company. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On May 22, 2026, the Company informed the stock exchanges in India on which its equity shares are listed and the New York Stock Exchange that the Company has fixed Friday, June 5, 2026 as the record date for the purpose of determining the entitlement and the names of the equity shareholders who are eligible to participate in the buyback of up to 60,00,00,000 (Sixty Crore) fully paid-up equity shares of face value of 2/- (Rupees Two only) each of the Company (“Equity Shares”) at a price of 250/- (Rupees Two Hundred and Fifty only) per Equity Share payable in cash for an aggregate amount of up to 1,50,00,00,00,000/- (Rupees Fifteen Thousand Crore only). A copy of such letter to the stock exchanges is attached to this Form 6-K as Item 99.1.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

WIPRO LIMITED
/s/ M Sanaulla Khan
M Sanaulla Khan
Senior Vice President & Company Secretary

Dated: May 22, 2026


INDEX TO EXHIBITS

 

Item   
99.1    Letter to the Stock Exchanges dated May 22, 2026.

Exhibit 99.1

 

LOGO

May 22, 2026

The Manager – Listing

BSE Limited

(BSE: 507685)

The Manager – Listing

National Stock Exchange of India Limited

(NSE: WIPRO)

The Market Operations,

NYSE, New York

(NYSE: WIT)

Dear Sir/Madam,

Sub: Intimation of Record Date for buyback of equity shares

This has reference to our earlier letter dated April 16, 2026 and May 21, 2026, informing the stock exchanges that the Board of Directors and shareholders of the Company, respectively, have approved the proposal to buyback up to 60,00,00,000 (Sixty Crore Only) fully paid-up equity shares of the Company of face value of  2/- (Rupees Two only), for an aggregate amount not exceeding  1,50,00,00,00,000/- (Rupees Fifteen Thousand Crore only), each at a price of  250/- (Rupees Two Hundred and Fifty only) per equity share on a proportionate basis through the tender offer process.

Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 9(i) of Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and Clause 204.21 of the NYSE Listed Company Manual, the Company has fixed Friday, June 5, 2026 as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

This is for your information and records.

Thanking you,

For Wipro Limited

/s/ M Sanaulla Khan

M Sanaulla Khan

Company Secretary

 

LOGO

FAQ

What record date did Wipro (WIT) set for its share buyback?

Wipro set Friday, June 5, 2026 as the record date for its buyback. Shareholders whose names appear on that date will be eligible to participate in the tender offer on a proportionate basis, subject to the final buyback terms already approved.

How many Wipro (WIT) shares are included in the buyback?

The buyback covers up to 60,00,00,000 fully paid equity shares. These shares have a face value of ₹2 each and will be repurchased on a proportionate basis, meaning individual participation depends on how many shares are tendered relative to the overall cap.

At what price will Wipro (WIT) buy back its shares?

Wipro plans to buy back equity shares at ₹250 per share. This fixed price will be used in the tender offer process, with shareholders able to tender eligible shares at that price, subject to proportionate acceptance based on total tenders received.

What is the total amount allocated to Wipro’s buyback?

Wipro has allocated up to ₹1,50,00,00,00,000 for the buyback. This represents the maximum aggregate cash consideration for purchasing up to 60 crore equity shares at ₹250 each, with the final deployed amount depending on actual shareholder tenders.

How will Wipro (WIT) conduct the share buyback?

The buyback will be executed through a tender offer process on a proportionate basis. Eligible shareholders can tender shares, and Wipro will accept them proportionately up to 60 crore shares, following Indian buyback regulations and NYSE listing requirements mentioned in the communication.

Who is eligible to participate in Wipro’s buyback offer?

Equity shareholders whose names appear on Wipro’s register as of June 5, 2026 will be eligible. The company fixed this date as the record date to determine entitlement and participating shareholders in line with Indian regulations and NYSE rules cited in the notice.

Filing Exhibits & Attachments

1 document