Computers - Software & Consulting
Merger31 March 2026 at 01:31 pm

Wipro Completes Merger of Rizing Consulting USA, LLC with Rizing LLC

AI Summary

Wipro Ltd has announced the completion of the merger of its step-down subsidiary, Rizing Consulting USA, LLC with another step-down subsidiary, Rizing LLC. The merger is effective from March 31, 2026 (Eastern Time). Rizing Consulting USA, LLC had a turnover of USD 46,715,994 as of March 31, 2025, while Rizing LLC had a turnover of USD 84,384,857 during the same period. The rationale behind this merger is to rationalize and consolidate the overall group structure. The transaction does not fall under related party transactions and there is no cash consideration or change in shareholding pattern for the listed entity.

Key Highlights

  • Wipro completes merger of Rizing Consulting USA, LLC with Rizing LLC
  • Effective from March 31, 2026 (Eastern Time)
  • Rizing Consulting USA, LLC had a turnover of USD 46,715,994 as of March 31, 2025
  • Rizing LLC had a turnover of USD 84,384,857 during the same period
  • Merger aimed at rationalizing and consolidating the overall group structure