Wipro Limited has informed the Exchange that pursuant to our letter dated November 3, 2025 informing that Wipro Limited has signed an agreement to transfer its entire holding in Drivestream India Private Limited to Drivestream Inc. It is hereby informed that the aforesaid transfer was executed on December 23, 2025 and confirmation of its completion was received on January 6, 2026.
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Awaiting price reaction for this filing.
Wipro has completed the transfer of its entire stake in Drivestream India Private Limited to Drivestream Inc. The agreement for this transfer was originally signed on November 3, 2025, and the transaction was executed on December 23, 2025. The company received confirmation of the transfer's completion on January 6, 2026. This disclosure was made to stock exchanges under SEBI's Regulation 30 listing requirements. The financial value of the deal was not disclosed in this filing.
This is a portfolio rationalisation move by Wipro, fully exiting its holding in Drivestream India. The financial impact on Wipro's consolidated earnings is likely limited unless the subsidiary was material in size, as no deal value was disclosed. Shareholders should treat this as a routine subsidiary divestment rather than a strategic shift, and it is unlikely to cause any meaningful movement in Wipro's stock price.