Wipro's Rs 15,000-crore share buyback, repurchasing up to 60 crore shares at Rs 250 each, concludes on June 17. Only shareholders as of the June 5 record date are eligible. Retail investors could see gains of around Rs 70 per share on accepted shares.
Nakamoto Inc. sold ~$48M in Bitcoin and derivatives, refinanced debt, and authorized a $25M share buyback, reducing debt by $45M and extending maturity to 2027, amidst Bitcoin's 21% monthly decline.
Wipro's Rs 15,000 crore share buyback is open until June 17, allowing eligible shareholders to tender shares at Rs 250, significantly above market price. Small shareholders have a higher entitlement ratio, with analysts estimating a 7-8% return but cautioning about acceptance ratios and post-buyback stock performance.
Nvidia reported strong quarterly results, exceeding Wall Street expectations with net income of $58.32bn and revenue of $81.62bn, driven by high demand for its AI chips. The company also announced an $80bn share buyback program.
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Bajaj Auto has announced its board will meet on May 6, 2026, to consider a share buyback proposal. This move follows a trend of capital returns by large-cap firms like Wipro and Aurobindo Pharma to utilize surplus cash.
Wipro has announced a Rs 15,000 crore share buyback at Rs 250 per share, representing a premium of over 25% to its previous closing price of Rs 199.36 on NSE. The IT services major's board approved buying back up to 60 crore shares (5.7% of paid-up capital) via the tender route. Brokerages HDFC Securities and Motilal Oswal recommend tactical "Buy" for retail investors, projecting potential net returns of 8-14% within 2-3 months based on high acceptance ratios.
ASML, the Dutch chip equipment maker monopolizing advanced semiconductor manufacturing machines, is cutting roughly 1,700 jobs (4% of its 44,000-person workforce). The layoffs target management and coordination roles, not engineers, with CEO Christophe Fouquet citing excessive layering and slow processes. The company will create around 1,400 new engineering roles. Over 1,000 employees staged a walkout in March, with unions calling for further protests at the shareholder meeting.
