This article discusses the tax implications of Wipro's Share Buy-Back, 2026, announced on April 16, 2026, proposing to repurchase up to 60 crore equity shares at ₹250 per share—a premium of over 16% to its 60-day volume-weighted average price. With the Finance Act, 2026 restoring the capital gains framework under the Income Tax Act, 2025 (effective April 1, 2026), the buy-back proceeds are no longer taxed as deemed dividends—a regime that prevailed only between October 2024 and March 2026. While this shift benefits most shareholders, promoters face an additional tax levy, making the choice between tendering shares and selling on the open market a consequential one.
