Wipro Allots 1.59 Lakh Equity Shares Under Employee Stock Plans

Wipro Limited , a leading global information technology company, has recently announced the allotment of equity shares under its employee stock option plans. This move underscores the company's commitment to employee ownership and aligning staff interests with those of shareholders.

Share Allotment Details

The company has issued a total of 1,59,545 equity shares through two different employee stock plans:

Plan Name	Number of Shares Allotted
ADS Restricted Stock Unit Plan 2004	47,152
Restricted Stock Unit Plan 2007	112,393

These shares were allotted following the exercise of Employee Stock Options (ESOPs) by eligible employees.

Significance of ESOPs

Employee Stock Option Plans are a popular method used by companies to:

Attract and retain talent
Motivate employees by giving them a stake in the company's success
Align employee interests with those of shareholders

By offering these stock options, Wipro is potentially enhancing employee engagement and fostering a sense of ownership among its workforce.

Regulatory Compliance

In line with regulatory requirements, Wipro has duly informed the stock exchanges - BSE Limited and the National Stock Exchange of India Limited - about this allotment. The company's proactive disclosure demonstrates its commitment to transparency and adherence to listing obligations.

This equity share allotment, while relatively small in the context of Wipro's overall share capital, represents an ongoing commitment to employee incentivization and retention strategies. It's a practice that investors and market analysts often view positively, as it can contribute to long-term employee loyalty and potentially drive company performance.

As the technology sector continues to be highly competitive in terms of talent acquisition and retention, such employee stock plans may play a crucial role in Wipro's human resource strategy going forward.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.46%	+3.07%	+0.04%	-4.69%	-14.06%	+41.93%

Wipro Limited , a leading global information technology company, has announced its decision to sell its entire stake in Drivestream India Private Limited to Drivestream Inc. This strategic move, part of a broader restructuring plan, is valued at ₹18.03 crore and is expected to be completed by December 31, 2025.

Transaction Details

The sale involves the transfer of Wipro's entire holding in Drivestream India, which consists of:

100 equity shares
267,500 optionally convertible preference shares (in the process of being converted to equity)

After the conversion, the total number of equity shares to be transferred will be 350,776.

Financial Implications

According to the disclosure made by Wipro under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial impact of this divestment appears to be minimal:

Metric	Amount (as of March 31, 2025)	Percentage of Wipro's Total
Revenue	₹58.80 crores	NIL
Net Worth	₹40.62 crores	NIL

Key Points of the Deal

Buyer: Drivestream Inc., a corporation registered in Virginia, United States
Relationship: Drivestream Inc. is an associate of Wipro, LLC (a wholly-owned subsidiary of Wipro Limited)
Agreement Date: November 3, 2025
Expected Completion: On or before December 31, 2025
Transaction Type: Related party transaction, conducted at arm's length

Regulatory Compliance

Wipro has affirmed that this transaction adheres to the necessary regulatory requirements, including those set forth by SEBI. The company has provided detailed disclosures to the stock exchanges where it is listed.

This divestment appears to be part of Wipro's ongoing efforts to streamline its operations and optimize its portfolio. While the financial impact seems minimal, it reflects the company's strategic approach to managing its investments and subsidiaries.