Wipro, a leading IT services company based in India, has announced a significant ₹15,000 crore ($1.8 billion USD) buyback plan via the tender offer route. The company intends to buy back 60 crore shares, representing 5.7% of its total paid-up equity share capital, at a price of ₹250 ($30 USD) per share. This buyback price is 19% higher than Wipro's recent closing price of ₹210.15 ($25.50 USD) on the National Stock Exchange (NSE). Analysts suggest that eligible investors should consider tendering their shares due to the current volatile market conditions and the challenges facing the IT sector, including pressure from developments in artificial intelligence (AI). The Nifty IT index has fallen 16% in 2026, compared to a 7.4% decline in the Nifty 50 index. Experts believe the buyback offers a solid exit strategy for shareholders amid ongoing operational and pricing pressures in the industry.