The board of IT major Wipro on Thursday approved the proposed share buyback of up to Rs 15,000 crore through the tender offer route. This is the firm’s largest buyback exercise, and its first since 2023, when it bought back nearly 270 million shares for Rs 12,000 crore. Under the proposal, the company will buy back up to 600 million fully paid-up equity shares of face value Rs 2 each at a price of Rs 250 per share. The proposed buyback represents 5.7 per cent of the total paid-up equity share capital.