Wipro Limited has informed that pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, merger of Rizing Consulting USA, LLC (step-down subsidiary) with Rizing LLC (step-down subsidiary) is completed and is effective from March 31, 2026 (Eastern Time).
WIPRO · price
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Wipro has completed the merger of its two US-based step-down subsidiaries — Rizing Consulting USA, LLC (turnover ~$46.7 million as of March 31, 2025) merging into Rizing LLC (turnover ~$84.4 million as of March 31, 2025). Both entities provide consulting and software support services. The merger became effective on March 31, 2026 (Eastern Time). No cash or share consideration is involved, and there is no change in Wipro's shareholding pattern. The stated rationale is to rationalize and consolidate the group's overall structure.
This is a purely internal restructuring of Wipro's overseas subsidiaries with no impact on the company's financials, shareholding, or shareholder value. It is unlikely to have any material effect on Wipro's stock price.