WIPRO SHARE REPURCHASE
Wipro’s Rs 15,000 crore share buyback: Should you participate or avoid?
Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 earnings. The IT major's board approved buying back up to 60 crore shares via tender route. Promoters intend to participate, potentially impacting the acceptance ratio for public investors.
Wipro Q4 net profit dips 1.9% to Rs 3,502 crore, revenue rises 8%
Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance
Wipro share buyback: IT major announces Rs 15,000 crore offer at 19% premium. Key things to know
Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs 250 per share, a 19% premium over the last closing price. This marks the company's first buyback in over three years, involving up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in the tender route buyback.
Share buybacks this month: Wipro, Aurobindo Pharma, 2 other stocks to watch out for
Four companies—Wipro, Cyient, Windlas Biotech, and Aurobindo Pharma—are set to announce or act on share buybacks this month, with Aurobindo’s record date due soon. Buybacks involve companies repurchasing shares to boost value, use surplus cash, or strengthen ownership. Meanwhile, new rules under the Finance Bill 2026 impose a 12% surcharge on buyback-related capital gains for promoters, while other investors remain taxed as per existing norms.
Wipro to consider share buyback on April 16 after steep stock crash this year
IT services major Wipro announced it will consider a share buyback alongside its fourth-quarter results on April 16. This move follows a significant drop in its stock price and comes amid investor concerns about IT firms' cash return strategies versus AI investments. The potential buyback, the company's first in three years, signals capital allocation action amidst volatile IT stock sentiments.
IT rout deepens; Ola Electric narrows Q3 losses
Indian IT stocks took a beating for the third straight session amid fears over AI-led disruption. This and more in today’s ETtech Top 5.
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Budget tax tweaks to revive buyback momentum of cash-rich IT large caps
Expect IT outsourcing leaders with eye-popping cash on their balance sheets to announce buybacks. After the budget reclassified the repurchase exercise as capital gains, lowering the tax outgo for investors, the $280-billion industry could return to its favourite mode of rewarding long-term shareholders, experts said.
Cognizant Q4 results: revenue dips 1.7%, profit rises to $558 million
For the full year 2023, the global IT major Cognizant posted a 0.4% YoY decline in revenue to $19.4 billion. In constant currency terms, it was 0.3% lower.
TCS board fixes February 23 as record date for Rs 18,000 crore buyback
On January 12, the board of directors of Tata Consultancy Services (TCS) had approved the buyback of up to 4 crore shares for an aggregate amount not exceeding Rs 18,000 crore.
TCS announces its biggest share buyback in at least five years
The board of Tata Consultancy Services (TCS) has recommended a Rs 18,000-crore share buyback—the fourth and biggest such exercise by India’s largest IT services firm in the past five years—at Rs 4,500 apiece.
TCS board to consider share buyback proposal on January 12
The board of Tata Consultancy Services (TCS) is scheduled to meet on Jan. 12 to approve and take on record the financial results of the company for the third quarter and the nine months ended Dec. 31, 2021.
Wipro lines up Rs 9,500 crore buyback at Rs 400 a share
Wipro will buy 4.16 per cent of the total paid up equity shares or 237.5 million shares at Rs 400 per share, an increase of 6.5 per cent over the Tuesday’s closing price of Rs 375.75 on the Bombay Stock Exchange.
TCS surges 7.3%, becomes second Indian company to touch Rs 10 lakh crore m-cap
The optimism around TCS rubbed off on other software exporting majors Infosys and Wipro, whose shares rose 3 per cent and 6.73 per cent, respectively, to hit all-time highs.
Premji envisions Wipro’s 4 big future bets in his last letter to shareholders
Premji said Wipro would focus on Digital, Cloud, Engineering Services & Cyber Security.
Banner year of share buybacks in India runs into tax roadblock
The proposed tax may affect share purchases worth Re 10,000 crore that are in progress.
Wipro buyback could offer arbitrage gains of up to 8%
Many small shareholders did not take part in recent share buybacks.
Wipro to consider share buyback on April 16
The expected buyback will be biggest by Wipro at $1.7 billion (Rs 12,000 crore).
Wipro shares climb 2% amid reports of Sebi nod to $1.7 bn buyback
The shares are expected to be bought back at Rs 320 a piece.
Wipro may opt for up to $1.2 billion share buyback
Wipro’s share price has risen just 5 per cent on the BSE in the last one year.
Tata, buy-buy: TCS to buy back Rs 16,000 crore shares again
Peers may follow suit; IT co to repurchase stock for 2nd year in a row, pay 15% premium.
TCS announces Rs 16,000 crore buyback
TCS had bought back about Rs 16,000 crore of shares last year as well.
Tata Consultancy Services to consider share buyback tomorrow
For FY18, TCS returned Rs 26,800 crore in both dividends and the buyback. Share buybacks typically improve earnings per share and return surplus cash to shareholders.
Infosys gets near 500% response to buyback
Infosys is the third IT services firm to receive higher subscription share buyback.
Wipro to consider shares buyback on July 20
The company will also announce its financial results for the June quarter ended on July 20.
Wipro posts 20% rise in Q4 net profit at Rs 2,303.5 crore; recommends bonus issue of 1:1
Consolidated EPS jumped to Rs 9.33 per share as of March 31 from Rs 8.70 as of December 31.
TCS to remain cash positive despite Rs 16K cr buyback: S&P
S&P said Indian technology players will continue to grow at a slightly slower pace over the next two to three years due to technological disruptions.
Wipro buys back shares worth Rs 1,963 crore from Premji-owned trusts
The bulk of the Rs. 1963 crores is expected to help Premji's broader philanthropic ambitions in the near future.
Wipro may see renewed interest on share buyback
Though details of the buyback will be available only after the board approval on April 20, analysts expect the move to improve the prospects of Wipro.
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