Wipro Ltd Announces Sale of Drivestream India Private Limited to Associate Company Drivestream Inc.

Wipro Ltd has disclosed details of a transaction under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is set to transfer its entire holding in Drivestream India Private Limited to Drivestream Inc., an associate of Wipro, LLC, which is a wholly-owned subsidiary of Wipro Limited. The transaction involves the transfer of 100 equity shares and 2,67,500 optionally convertible preference shares, resulting in a total of 3,50,776 equity shares after conversion. The sale is expected to be completed by December 31, 2025, with INR 18.03 crores received as consideration. Drivestream Inc. is a corporation registered in the state of Virginia, United States. This transaction is being done at arm's length and does not fall within related party transactions.