Bengaluru, India – Wipro Ltd. saw its shares fall to a fresh 52-week low of Rs 180.70 in Tuesday's trading, just ahead of the opening of its significant Rs 15,000 crore share buyback program. The IT major's buyback offer is set to open on June 11, 2026, and will conclude on June 17, 2026.
Under the terms of the buyback, Wipro plans to repurchase up to 60 crore fully paid-up equity shares from eligible shareholders. The company has set a buyback price of Rs 250 per share, offering a substantial premium over the current market price.
Buyback Entitlement Ratios Announced
Wipro has also detailed the entitlement ratios for participating shareholders. For those in the reserved category for small shareholders, 11 equity shares can be tendered for every 56 shares held as of the record date, June 5, 2026. Shareholders in the general category are entitled to tender 10 equity shares for every 197 shares held on the same record date.
Market analysts note that investors who purchase Wipro shares now will not be eligible to participate in the current buyback offer, as the record date has already passed.
Expert Views on Wipro Shares and Buyback
Market veteran Arun Kejriwal highlighted an arbitrage opportunity for existing eligible shareholders. He suggested that an investor holding around 1,000 shares within the Rs 2 lakh eligibility limit could potentially gain approximately Rs 70 per accepted share, based on the Rs 250 buyback price against a market price of around Rs 180. Kejriwal anticipates continued volatility in the stock until the final acceptance numbers of the buyback are disclosed.
From a technical perspective, Ravi Singh, Chief Research Officer at Master Capital Services, observed that Wipro has experienced a sharp breakdown, failing to maintain above the Rs 190-194 support zone. Singh noted strong selling pressure with increasing volumes, indicating a bearish near-term sentiment. He identified immediate support near Rs 175, with resistance around Rs 188-190. Should the stock fall below Rs 175, it could target Rs 160, where Singh suggested a fresh buying opportunity might emerge.