Wipro launches Rs 15,000 crore share buyback at Rs 250 per share, marking its first buyback in nearly three years.

Wipro launches Rs 15,000 crore share buyback at Rs 250 per share, marking its first buyback in nearly three years. The offer price represents a 25% premium over the stock's previous closing price of Rs 199.36, with the company authorized to repurchase up to 60 crore shares representing 5.7% of paid-up capital. Brokerages including HDFC Securities recommend retail investors participate, projecting conservative acceptance ratios of 45-50% could deliver 8-9% net returns over two to three months. More aggressive scenarios assuming 70-80% acceptance ratios suggest potential returns of 13-14% in the same timeframe. Given Wipro's track record of strong buyback performance and relatively lean retail shareholding patterns, analysts expect robust participation levels.