Wipro’s U.S.-listed ADR (WIT) is trading higher as markets continue to price in the company’s large tender-offer buyback approved on April 16, 2026, alongside its quarter-and-year results for the period ended March 31, 2026. The buyback size—₹15,000 crore (about $1.6 billion) at an offer price of ₹250 per share—has remained a key near-term catalyst for the stock, particularly after a volatile post-earnings reaction in the days following the announcement. (wipro.com)

Company communications around the 2026 buyback emphasize that participation depends on specific eligibility and process details still tied to shareholder approval and subsequent publication of the formal offer documentation, including the record date and full terms. Separate notices focused on American Depositary Shares highlight that ADS holders face constraints, including explicit warnings that ADSs may not be eligible to tender in the buyback structure as described in the notice, which can affect how the ADR trades versus local shares. (wipro.com)

The near-term watch list includes: (1) the shareholder-approval milestone and subsequent release of the public announcement/letter of offer with the final timeline, (2) any clarified pathway (or lack of one) for ADR/ADS holders to participate, and (3) whether follow-through buying continues as traders arbitrage the implied buyback premium and evaluate the company’s post-results demand commentary. With key process dates still pending, WIT may stay sensitive to incremental filings and timetable updates. (wipro.com)