Wipro paid Rs. 15,000 crore share buyback at Rs. 250 set the record date on June 5

IT major Wipro Ltd has announced its proposed Rs. 15,000 crore has announced June 5, 2026 as the record date for the share buyback, enabling eligible shareholders to participate in the tender offer.

The Bengaluru-based tier-1 software services company informed the stock exchange on Friday that its board and shareholders had earlier paid Rs. 250 per share at Rs. Approved buyback of fully paid-up equity shares of up to 60 crores with a face value of Rs. Repurchase will be undertaken on a proportionate basis through the tender offer route.

Under the buyback scheme, shareholders whose names appear in the company’s records till June 5 will be eligible to participate in the buyback process.

The buyback comes on the back of a significant selloff seen in the IT pack. Wipro shares are down 24% so far in 2026, while the price has fallen 17% in the past year.

Wipro reported a 2% decline in its consolidated net profit in the March-ended quarter. Meanwhile, income from operations rose 8% year-on-year to Rs. 24,236 crores.

The core IT services segment showed limited traction. Revenue stood at $2.65 billion, up just 0.6% quarter-on-quarter (QoQ) and 2.1% year-on-year (YoY). On a constant currency basis, IT services revenue rose 0.2% sequentially but fell 0.2% year-on-year, highlighting weak underlying demand.

Wipro reported a 12% sequential rise in profit. Wipro reported total bookings of $3.46 billion, up 3.2% sequentially, while large deal bookings grew 65% QoQ.

The company expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million in the next quarter. This translates to a sequential guidance of -2% to 0% in constant currency terms.