On April 16, 2023, Wipro Limited, a leading IT company in India, announced a significant share buyback program valued at ₹15,000 crore (approximately $1.8 billion USD). The buyback aims to repurchase up to 60 million fully paid-up equity shares, which constitutes about 5.7% of its total paid-up equity capital, at a price of ₹250 per share. This buyback is subject to shareholder approval and will be executed through a tender offer from existing shareholders. Experts have mixed opinions on participation; while the buyback price offers a 23.5% premium over the current market price of ₹205, analysts caution that acceptance ratios could affect returns. Tushar Badjate, a stock analyst, suggests short-term investors might consider exiting, given the constrained near-term upside, while long-term investors should hold, viewing the buyback as a sign of Wipro's confidence in its recovery strategy. Seema Srivastava from SMC Global Securities notes that the buyback presents a tactical opportunity for retail investors but emphasizes the need for controlled allocation due to potential risks associated with post-buyback price behavior. Wipro's stock has experienced volatility, declining by 23% year-to-date, despite a recent 7% gain over the past month.