Wipro, a leading IT services company, has announced a ₹15,000 crore share buyback, with the last date for investors to purchase shares being June 4. The buyback, priced at ₹250 per share, represents a 22.5% premium over the last closing price of ₹204. This marks Wipro's first buyback in nearly three years, with the company planning to repurchase up to 60 crore shares, accounting for 5.7% of its total paid-up capital. Analysts from HDFC Securities suggest that based on historical trends and a lean retail shareholding pattern, the acceptance ratio could yield potential returns of 8-14% for investors over a 2-3 month period. Promoters have expressed intentions to participate, further indicating confidence in the buyback strategy. As Wipro shares have shown mixed performance, this buyback could provide a tactical opportunity for retail investors looking to optimize their short-term capital allocation.