Wipro Limited Announces Share Buyback Offer

Wipro Limited has announced a share buyback offer, aiming to repurchase up to 60 crore equity shares at a price of ₹250 per share. The total buyback size is up to ₹15,000 crore. This initiative is intended to return surplus funds to shareholders and improve financial ratios like earnings per share. The buyback will be conducted through a tender offer on a proportionate basis. Shareholders, including promoters and the promoter group, are eligible to participate. ADS holders must convert their ADSs to equity shares before the record date to be eligible. The company has confirmed compliance with all regulatory requirements and has obtained necessary approvals.