Wipro Limited , a leading global information technology company, has successfully completed the sale of its entire stake in Drivestream India Private Limited to Drivestream Inc. The strategic divestment, valued at ₹18.03 crore, was executed on December 23, 2025, with confirmation of completion received on January 6, 2026.

Transaction Completion

The company informed stock exchanges through a regulatory disclosure that the transfer, which was initially announced on November 3, 2025, has been successfully executed. The completion confirmation was received on January 6, 2026, marking the end of this strategic restructuring initiative.

Stake Transfer Details

The completed sale involved the transfer of Wipro's entire holding in Drivestream India, comprising 100 equity shares and 267,500 optionally convertible preference shares. After conversion, the total number of equity shares transferred reached 350,776.

Financial Impact Assessment

The divestment's financial implications on Wipro's overall operations remain minimal, as disclosed in the original agreement:

Regulatory Compliance

Wipro has maintained full regulatory compliance throughout the transaction process, providing necessary disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified BSE Limited, National Stock Exchange of India Limited, and NYSE about the completion.

This completed divestment represents part of Wipro's ongoing portfolio optimization strategy, allowing the company to streamline operations while maintaining focus on core business areas. The transaction was conducted as a related party transaction at arm's length with Drivestream Inc., an associate of Wipro's wholly-owned subsidiary.

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, is set to commemorate two significant milestones with a bell-ringing ceremony at the New York Stock Exchange (NYSE) on October 31, 2025. The event will celebrate Wipro's 25th anniversary of listing on the NYSE and the launch of its new AI-powered platform, Wipro Intelligence™.

Ceremony Details

The closing bell ceremony, scheduled for 3:56 PM EDT, will be led by Wipro's Executive Chairman Rishad Premji and CEO Srini Pallia, accompanied by the company's executive leadership. The event will be livestreamed on NYSE.com and the New York Stock Exchange YouTube channel.

Dual Celebration

Wipro is marking not just its quarter-century on the NYSE but also 80 years since its founding in 1945. The company has evolved from a small vegetable oil business in rural Maharashtra to a global technology consulting and services powerhouse operating in over 60 countries.

Wipro Intelligence™ Launch

The ceremony also highlights the recent launch of Wipro Intelligence™, a suite of AI-powered platforms, solutions, and transformative offerings. This new initiative underscores Wipro's commitment to driving innovation and transformation for its clients in the AI era.

Company Growth and Recognition

Rishad Premji, Executive Chairman of Wipro Limited, reflected on the company's journey: "What began in 1945 as a small vegetable oil company in rural Maharashtra has evolved into a global technology consulting and services company with a presence in over 60 countries. Our journey has been one of resilience and reinvention: overcoming challenges, adapting to change, and staying true to our purpose at every step."

CEO Srini Pallia added, "As we enter a new chapter with Wipro Intelligence, we remain committed to co-innovating with our clients, empowering them to reimagine their businesses and lead confidently in a world shaped by intelligent technologies."

The bell-ringing ceremony not only marks Wipro's longstanding presence on the NYSE but also signals its forward-looking approach in the rapidly evolving landscape of AI and technology services.