Wipro, a major player in the IT services sector, announced a significant share buyback program worth ₹15,000 crore (approximately $1.8 billion USD) on April 16, 2025. The company will repurchase up to 60 million fully paid-up equity shares, representing 5.7% of its total paid-up equity capital, at a price of ₹250 per share, which is a 19% premium over its last closing price of ₹210.20 on the Bombay Stock Exchange (BSE). This buyback is subject to shareholder approval, and the record date for the buyback has yet to be announced. Additionally, Wipro's board reported a 1.85% year-on-year decline in net profit for the fourth quarter, totaling ₹3,502 crore compared to ₹3,569 crore in the same period last year. The company indicated that details regarding the process and timelines for the buyback will be provided in a public announcement.