Wipro Announces Rs 15,000 Crore Share Buyback Plan; Attempt to Provide Relief to Investors:

Wipro Announces Rs 15,000 Crore Share Buyback Plan; Attempt to Provide Relief to Investors

IT sector giant Wipro has announced a share buyback worth Rs 15,000 crore. This is the company's biggest buyback so far and has been brought forward with the recent quarterly results. It is believed that through this step, the company wants to maintain the confidence of investors. The board approved this plan on 16 April 2026. Under this, the company will buy back about 6 crore shares, which is about 5.7% of the total equity. The buyback price has been kept at Rs 250 per share, which is about 19% more than the previous closing price of the market. This process will be done through a tender offer, that is, investors who have shares can sell their shares to the company if they wish. This will reduce the number of shares in the market and may have a positive impact on earnings per share in the future. This announcement comes with the results of the company's fourth quarter of fiscal year 2026. Wipro's net profit during this period stood at Rs 3,502 crore, which is about 2% less than the same period last year. However, there has been an improvement in revenue and profitability on a quarterly basis. Despite a slight decline in profits, the company's decision shows that it is committed to returning value to its shareholders. A positive reaction was seen in the company's shares after the buyback announcement. Investors considered the premium price attractive, causing the stock to rise. According to analysts, this step can be helpful in strengthening investor confidence. Although this buyback is smaller in size compared to companies like Infosys and TCS, it is still considered an important corporate move. For investors who want to sell their shares, this is an opportunity to exit at a premium price. At the same time, investors who want to stay for a long time can get the benefit of an increasing share price in the future. At present, this plan has been approved by the board, but before implementing it, the consent of the shareholders will be required. The company will soon share information related to the record date and the rest of the process.