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 Wipro (Tianjin) Limited has been incorporated as a step-down subsidiary of Wipro Limited (the Company ) with effect from May 23, 2025. The Company received intimation to this effect on May 27, 2025.
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Wipro Limited has incorporated a new step-down subsidiary called Wipro (Tianjin) Limited, effective May 23, 2025. The intimation about this incorporation was received by the company on May 27, 2025. The filing was made under SEBI Listing Obligations and Disclosure Requirements. No specific business purpose, investment amount, or operational details have been disclosed in this announcement. The step-down structure suggests Wipro (Tianjin) is a subsidiary of an existing Wipro entity rather than a direct subsidiary.
This is a routine corporate expansion move into the Chinese market and is likely neutral for shareholders in the short term. Investors should watch for follow-up filings that clarify the subsidiary's business purpose and capital allocation.