Wipro Ltd. will hold a meeting on April 15-16 to consider a proposal of shares buyback, according to an exchange filing from the company on Thursday.
"The board of directors of the company will be considering a proposal to buyback equity shares of the company and the matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules framed thereunder), the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, and other applicable laws, at its meeting scheduled to be held over April 15-16, 2026," the filing said.
The company will inform the exchanges of the outcome of the board meeting on April 16.
The firm will also announce earnings results for the fourth quarter ended March 31, 2026, on April 16, according to an exchange filing on BSE from the company on Wednesday.
This is the first instance of Wipro considering a share buyback in the last three years, having previously undertaken a buyback in June 2023. The IT major had repurchased shares for Rs 445 apiece in a Rs 12,000-crore offer. This led to the company repurchasing 4.91% of its equity.
In an earlier instance in 2020, Wipro undertook another Rs 9,500 crore buyback at Rs 400 per share. The acceptance ratio for retail investors was 100%.
Shares of Wipro on Thursday ended 0.27% lower at Rs 202.87 compared to a 0.93% downturn in the NSE Nifty 50.
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