Wipro Limited has informed the Exchange that Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and para 202.05 read with para 202.06 of the NYSE Listed Company Manual, it is hereby informed that Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100% shareholding in Harman Connected Services Inc. and its subsidiaries and certain other assets (collectively, DTS ) from Harman International Industries, Inc. on August 21, 2025

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

WIPRO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹250.40

prior close

₹252.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.2% vs market

Computers - Software & Consulting peers, median of 62sector-0.5%-0.1% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty 100 and 0.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-1.0

15m

-1.0

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.8+0.2-0.5-0.1

Next day

+1.6-0.4+2.0+0.8+0.8

+0.5-1.5+2.1-0.3+0.8

-0.2-2.4+2.3-1.4+1.2

-0.4-2.7+2.3-2.4+1.9

+0.0-1.8+1.9-1.0+1.0

-0.3-1.3+1.0-0.8+0.4

15d

+0.4+0.1+0.3+0.5-0.1

+0.0+0.9-0.9+0.3-0.2

-2.4+3.1-5.5-1.1-1.3

-1.2+2.9-4.1-4.0+2.8

UpDownMarket · Nifty 100Sector · Computers - Software & Consulting peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wipro, through its subsidiaries, has signed a definitive agreement to acquire 100% of Harman Connected Services Inc. and its subsidiaries (collectively 'DTS') from Harman International Industries, Inc. The deal is worth up to US$375 million (including earn-outs) and will be paid in cash. DTS is a US-headquartered Engineering, R&D and IT services provider with over 5,600 employees across 14 countries and reported revenues of about US$314 million in calendar year 2024. The acquisition will strengthen Wipro's ER&D and digital engineering capabilities across industrial, aerospace, healthcare, and consumer sectors. The transaction is expected to close by December 31, 2025, subject to anti-trust and other regulatory approvals.

Likely market impact

This is a strategic, bolt-on acquisition in Wipro's core IT and engineering services space, likely to boost its ER&D revenue and add capabilities in AI-powered digital engineering. It is not a related-party deal, so the impact is purely strategic. Short-term, the stock may react to deal valuation and integration risks; long-term, it could support growth in Wipro's higher-value services portfolio.