Computers - Software & Consulting
Business Update1 April 2026 at 01:31 pm

Wipro Ltd Subsidiary Transfers Entire Shareholding in Capco Consulting Services LLC to Another Subsidiary

AI Summary

Wipro Ltd announced that its step-down subsidiary, Cardinal US Holdings, Inc., has transferred its entire shareholding in Capco Consulting Services LLC to another step-down subsidiary, The Capital Markets Company, LLC, effective March 30, 2026 (Eastern Time). The restructuring is aimed at rationalizing and simplifying the overall group structure. There is no benefit to the promoter/promoter group/group companies from this internal restructuring. The ownership structure of Capco Consulting Services LLC is now fully held by The Capital Markets Company, LLC.

Key Highlights

  • Wipro Ltd's subsidiary, Cardinal US Holdings, Inc., transfers shareholding in Capco Consulting Services LLC to The Capital Markets Company, LLC.
  • Transfer effective as of March 30, 2026 (Eastern Time).
  • Restructuring aims to rationalize and simplify the overall group structure.
  • No benefit to promoter/promoter group/group companies from the restructuring.
  • Capco Consulting Services LLC now fully owned by The Capital Markets Company, LLC.