Wipro Announces $1.6 Billion Share Buyback Program

Wipro Ltd. has announced plans for a significant share buyback program, intending to repurchase up to 150 billion rupees, equivalent to approximately $1.6 billion. This move aims to return capital to shareholders and capitalize on the recent decrease in the company's stock value. The buyback reflects Wipro's strategy to enhance shareholder returns amidst current market conditions and a notable drop in its share price.