SynopsisIT major Wipro's Rs 15,000-crore share buyback offer will commence on June 11 and conclude on June 17, 2026. Small shareholders can tender 11 shares for every 56 held, while general category shareholders are entitled to tender 10 shares for every 197 held. The company will communicate acceptance or rejection by June 23, 2026.Listen to this article in summarized formatAgenciesWipro Buyback: Information technology major Wipro on Tuesday announced that its Rs 15,000-crore share buyback offer will open on June 11 and close on June 17, 2026. The share buyback marks the first such action announced by the IT major in nearly three years. The company’s board approved the plan to buy back up to 60 crore shares, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore.Wipro buyback entitlement ratioUnder Wipro's buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 11 equity shares for every 56 equity shares held as of the record date.For shareholders falling under the general category, the buyback entitlement has been fixed at 10 equity shares for every 197 equity shares held on the record date, the company said in a regulatory filing Wipro buyback important datesAs per the buyback schedule, June 17 is the last date for shareholders to submit completed tender forms and other required documents, including physical share certificates where applicable, to the registrar. The registrar will complete the verification of tendered shares by June 19, 2026. Thereafter, the final acceptance or rejection of shares tendered under the buyback will be communicated to the stock exchanges by June 23, 2026.Wipro buyback eligibilityWipro had fixed June 5 as the record date for its Rs 15,000 crore share buyback. Shareholders who held the company's shares in their demat accounts as of the record date became eligible to participate in the buyback and tender their shares.Eligible shareholders can tender shares through stock brokers registered with either the BSE or NSE during the buyback window. Participants are required to submit details of the number of shares they wish to offer through their respective brokers.Wipro buyback routeThe buyback will be done via the tender route, and all shareholders on the record date, including those who received the equity shares after cancelling their American Depository Receipts (ADR), will be eligible to take part in the corporate action. Wipro added that promoters and promoter groups have indicated their intention to participate in the proposed buyback.Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate.Wipro share price performanceAmid sharp selloff fueled by AI-led disruption fears, Wipro shares are down 29% in the last six months and about 32% since the beginning of the year.Also read: Ghayal hoon isiliye ghatak hoon! Why a global tech crash could be the right medicine for wounded Nifty bullsThe company reported a 2% fall in its consolidated net profit at Rs 3,502 crore in the fourth quarter. Revenue from operations, meanwhile, increased 8% YoY to Rs 24,236 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless