IT major Wipro announced buyback of its shares worth Rs12000 crores when it declared its earnings for the last quarter of FY 2022-23 last month. This will be Wipro’s fifth buyback in history. The buyback has been approved for a minimum price of Rs 445 a share which is roughly 16% higher than its current close of Rs 382 on 18th May. Record date, opening and closing dates are yet to be announced but are expected to be sometime in June. The size of the buyback offer is 4.91% of the total equity shares which is good enough to get a decent acceptance ratio in the retail category.