Wipro Approves Buyback of 600M Shares for Up to INR 150B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
In a regulatory filing, Wipro disclosed that the board and shareholders of Wipro have approved a proposal to buyback up to 600M fully paid-up equity shares of the company for an aggregate amount not exceeding INR 150B, each at a price of INR 250 per equity share, on a proportionate basis through the tender offer process.
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About WIT
Wipro Limited is an AI-powered technology services and consulting company. Its segments include IT Services and IT Products. Its IT Services segment provides a range of AI-powered IT and IT-enabled services, including digital strategy advisory, customer-centric design, custom application design, development, re-engineering, maintenance, systems integration, package implementation, infrastructure services, cybersecurity services, data and analytics services, business process services, research and development, and hardware and software design. Its IT Products segment provides a range of third-party IT products, including computing platforms and storage, networking solutions, enterprise information security and software products, such as databases and operating systems. Its services include applications, Wipro Intelligence, business process services, cloud, consulting, cybersecurity, data & analytics, digital experiences, engineering, global capability centers and sustainability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Product Portfolio Expansion: This acquisition will broaden Wipro's product offerings, enhancing its manufacturing, distribution, and research capabilities to better meet global customer demands.
- Leadership Continuity: Indeco's existing leadership, including CEO Susanna Vitulano, will remain involved in operations, ensuring a smooth transition and continued business development.
- Historical Milestone: Both Wipro and Indeco celebrate their 50th anniversaries, making this collaboration not only an opportunity for business expansion but also a symbol of their long-term growth and innovative spirit.
See More
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- Revenue Growth: Total revenue reached ₹242.4 billion (approximately $2.58 billion), with a quarter-over-quarter increase of 2.9% and a year-over-year increase of 7.7%, although the growth is significant, it fails to meet market expectations, potentially impacting investor confidence.
- Order Metrics: Total bookings amounted to $3.455 billion, up 3.2% quarter-over-quarter in constant currency, with large deal bookings at $1.44 billion, reflecting a robust 65.1% increase quarter-over-quarter, indicating strong demand for large projects that may lay the groundwork for future growth.
- Attrition Rate: The voluntary attrition rate stands at 13.8% on a trailing 12-month basis, while this figure remains relatively stable, it warrants attention regarding the potential impact of employee turnover on company operations and culture.
See More
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- Earnings Performance: GAAP EPS decreased 2.1% year-over-year to $0.04, aligning with analysts' expectations but indicating pressure on profitability, which may affect investor confidence.
- Strategic Transformation: CEO Srini Pallia highlighted the company's pivot to a services-as-software model and its strategic deal with Olam Group, reflecting decisive investments aimed at capturing large-scale opportunities in an AI-first landscape.
- Stock Buyback Plan: Wipro's board approved a stock buyback of up to ₹150 billion (about $1.6 billion) at a price of ₹250 ($2.661) per share, aimed at enhancing shareholder value and boosting market confidence.
See More
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- PepsiCo Performance: PepsiCo (PEP) will also announce its earnings on the same day, and analysts will assess its sales growth in the food and beverage sector, which may directly influence its stock price.
- Other Earnings Reports: Companies such as Abbott Laboratories (ABT), Charles Schwab Corp. (SCHW), and U.S. Bancorp (USB) are also scheduled to report earnings before Thursday, with the market closely monitoring their performance and the broader economic implications.
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