Wipro has announced a ₹15,000 crore share buyback, marking its largest repurchase initiative to date and the first in three years. The company plans to buy back 60 crore equity shares, representing 5.7% of its total paid-up equity share capital, at an offer price of ₹250 per share, which is a 19% premium over its last closing price of ₹210 on the Bombay Stock Exchange (BSE). This decision comes as Wipro's shares have fallen nearly 21% in the past three months, reflecting investor concerns about the impact of artificial intelligence on the IT services sector amidst broader market uncertainties. Wipro's Chief Financial Officer, Aparna Iyer, emphasized the company's commitment to returning cash to shareholders, highlighting a total dividend distribution of $1.3 billion for FY26, which brings the payout ratio for the three-year period ending in FY26 to 88%. Additionally, members of Wipro's promoter group have expressed intentions to participate in the buyback program, further indicating confidence in the company's future.