Wipro Sets June 5, 2026 Record Date for ₹15,000 Crore Share Buyback
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Wipro ( (WIT) ) has provided an update.
On May 22, 2026, Wipro Limited announced that it has fixed Friday, June 5, 2026 as the record date to determine which equity shareholders will be eligible to participate in its previously approved share buyback. The buyback will be conducted via a tender offer of up to 600 million fully paid-up equity shares with a face value of ₹2 each at a price of ₹250 per share, for an aggregate consideration of up to ₹15,000 crore in cash.
The move follows prior approvals by Wipro’s board on April 16, 2026 and its shareholders on May 21, 2026 for the large-scale capital return program. By setting the record date and confirming compliance with Indian securities regulations and NYSE listing rules, Wipro is advancing a significant buyback that could enhance earnings per share, optimize its capital structure, and potentially support its share price for both domestic and U.S. investors.
The most recent analyst rating on (WIT) stock is a Sell with a $2.02 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.
Spark’s Take on WIT Stock
According to Spark, TipRanks’ AI Analyst, WIT is a Neutral.
The score is driven primarily by solid financial strength (low leverage and strong free cash flow). It is tempered by cautious near-term revenue guidance and mixed earnings-call signals, plus weak technical trend positioning versus longer-term moving averages; valuation is supported by a high dividend yield but not clearly cheap on P/E.
To see Spark’s full report on WIT stock, click here.
More about Wipro
Wipro Limited is a global information technology, consulting and business process services company headquartered in Bengaluru, India. The company provides IT services, digital transformation, and outsourcing solutions to clients worldwide and is listed on Indian exchanges BSE and NSE as well as the New York Stock Exchange.
Average Trading Volume: 13,379,377
Technical Sentiment Signal: Sell
Current Market Cap: $21.47B
Learn more about WIT stock on TipRanks’ Stock Analysis page.
