Overview
- Wipro said Thursday it will consider a share buyback at its April 15–16 board meeting alongside the Q4 FY26 results.
- The company has not disclosed the potential size, method, or price, and it will share the board’s decision after the meeting.
- Approval would mark the first repurchase since June 2023, when Wipro bought back Rs 12,000 crore of shares, or 4.91% of equity, at Rs 445 each.
- Brokerages estimate net cash at about Rs 41,000 crore, and recent moves such as an eight-year deal with Olam and the planned $375 million Mindsprint purchase shape how Wipro allocates capital.
- The stock closed at about Rs 203 on Thursday and has fallen 17.62% over six months, reflecting a weak run for Indian IT shares this year.