Wipro's Rs 15,000 crore share buyback at 23% premium: Should you buy before record date?

Wipro has announced a Rs 15,000 crore share buyback. The record date is June 5, with shares to be repurchased at Rs 250 each. This offers a premium to investors. Analysts suggest participation for potential short-term gains. A portion is reserved for small shareholders, with an expected high acceptance ratio. Promoters will also participate.