Wipro Limited (WIPRO) — Buyback / Redemption Announcement
Wipro Limited announced a proposed buyback of up to 60 million shares at ₹250 per share, representing 5.72% of paid-up capital, for an aggregate spend of **₹15,000 crores**. The tender offer requires a record date of June 5, 2026, with ADS holders needing to convert to direct equity shares via an Indian brokerage account and withdraw shares at least three New York business days prior. The buyback will be executed under Indian tender offer regulations, with payments in INR subject to exchange rate fluctuations using a reference rate of $1 = ₹92.25 as of April 8, 2026. Shareholders must comply with procedural requirements including fee payments and documentation, while the Depositary limits liability under specified conditions.
📄 View Original Announcement (PDF)
About Wipro Limited (WIPRO)
Information Technology · IT - Software · Listed on NSE
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