Wipro Limited (WIT) is higher as investors react to the company’s newly approved, record-sized share repurchase plan. The board cleared a tender-offer buyback of up to ₹150 billion (₹15,000 crore) at ₹250 per share for as many as 600 million shares—about 5.7% of total paid-up equity—creating a near-term support narrative around capital return and potential reduction in share count.

The buyback headline matters because it is large in absolute rupee terms and meaningful as a percentage of equity, while the tender price is well above where the shares had been trading in India around the announcement window. For ADR holders, the key variables now become: (a) when shareholder approval is obtained, (b) the record date and tender period, and (c) how participation/acceptance ratios ultimately shake out across categories.

The repurchase comes alongside Q4 FY26 results that included cautious near-term demand visibility, with guidance pointing to roughly flat-to-down sequential revenue in constant currency for the June quarter. Bulls see the buyback as a firm signal of balance-sheet strength and willingness to return cash; skeptics argue the capital return could be partly compensating for slower growth and uncertainty in client tech spending.