Wipro Limited has informed the Exchange 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, it is informed that merger of Wipro Digital Inc., (wholly-owned subsidiary) with Harman Connected Services, Inc. (step-down subsidiary) is completed and is effective from December 1, 2025.
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Wipro has completed the merger of its wholly-owned US subsidiary Wipro Digital Inc. with Harman Connected Services, Inc., which is a step-down subsidiary (subsidiary of a subsidiary) of Wipro. The merger became effective from December 1, 2025. Both entities are already part of the Wipro group, so this is an internal consolidation rather than a new acquisition or deal with an outside party. The disclosure was made under SEBI's Listing Obligations regulations to keep the exchange informed.
This is an internal restructuring with no impact on Wipro's shareholders — no new shares are being issued, no cash is changing hands with third parties, and the overall business remains under Wipro's control. The stock price is unlikely to react materially to this news.