Wipro is offering a buyback of 26.97 crore shares from its shareholders on a proportionate basis through a tender offer. The buyback price is Rs 445 per share, aggregating Rs 12,000 crore, which is 5.72% of its market capitalisation. On Wednesday, Wipro shares closed at Rs 383, which is 16.2% below the buyback price. About 15% or 4 crore shares in the buyback are reserved for retail investors.