Wipro’s ₹15,000 crore buyback closes today, June 17. The company plans to repurchase up to 60 crore equity shares at a fixed price of ₹250 each. This price is about 41% higher than the market level of ₹177 recorded on June 11.
The record date was June 5. Only shareholders who held shares then are eligible. The buyback window opened on June 11 and ends today. Entitlement ratios are different. Small shareholders can tender 11 shares for every 56 held. General investors can tender 10 shares for every 197 held.
Tax rules changed from April 2026. Earlier the company paid tax on buybacks. Now investors themselves must pay capital gains tax. This reduces net returns compared to past buybacks.
Analysts are divided. Some recommend participation for small shareholders who may gain from higher entitlement and short term arbitrage. Others warn that acceptance ratios may be low, limiting profit. Investors who bought shares earlier at higher prices around ₹260 or more may not benefit because the buyback price is below their cost.
Verification of tendered shares will happen on June 19. Final acceptance will be announced on June 23. Payments and return of unaccepted shares will be completed by June 24.
