Wipro Completes Merger of Step-Down Subsidiaries

Wipro Ltd has announced the completion of the merger of its step-down subsidiary, Wipro VLSI Design Services, LLC, into another step-down subsidiary, Wipro IT Services, LLC. The merger is effective from October 1, 2026 (Eastern Time). Wipro VLSI Design Services, LLC reported a turnover of USD 1,043,971 as of March 31, 2026, while Wipro IT Services, LLC had a turnover of NIL as of the same date. The rationale for this amalgamation is to rationalize and consolidate the overall group structure. This transaction does not involve cash consideration or a change in shareholding pattern of the listed entity and is not considered a related party transaction.