Wipro Limited, a prominent IT services company in India, has announced a significant share buyback program worth ₹15,000 crore (approximately $1.8 billion USD). The buyback will occur at a price of ₹250 (around $3.01 USD) per share, representing a 22% premium over the stock's closing price on April 22, 2025. This initiative will allow Wipro to repurchase up to 60 crore shares, which is about 5.7% of its total paid-up share capital. The buyback is set to benefit retail investors, with 15% of the total offer reserved for small shareholders, translating to ₹2,250 crore (approximately $270 million USD). Analysts predict that retail investors could achieve returns ranging from 11% to 16% based on varying acceptance ratios, with expectations that the acceptance ratio could be as high as 70-100%. The buyback is particularly noteworthy as it marks Wipro's first such action in nearly three years, with promoters indicating their intention to participate. The company’s shareholding pattern shows that promoters hold a 73% stake, with billionaire Azim Premji being the largest individual promoter. This buyback is seen as a tactical opportunity for investors, balancing risk and reward in the current market environment.