Wipro has set June 4 as the last day for its Rs 15,000 crore share buyback at Rs 250 per share. Reliance Industries also set June 4 as the last day for its Rs 6 per share final dividend. Both companies have June 5 as the record date.
Wipro has announced a Rs 15,000 crore share buyback, setting June 5 as the record date. Investors must purchase shares by June 4 to be eligible. The buyback price is set at Rs 250 per share, representing a 22.5% premium, with analysts projecting potential short-term returns of 8-14% for retail investors. Concurrently, Reliance Industries has set June 5 as the record date for its final dividend of Rs 6 per share for FY26. The last day to buy shares for Reliance's dividend eligibility is also June 4. Despite these corporate actions, Reliance Industries' stock has fallen 17% year-to-date in 2026.
Investors looking to participate in Wipro's share buyback or receive Reliance Industries' dividend must act by June 4. The corporate actions come as Reliance Industries' stock has seen a significant decline year-to-date.