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 has allotted a total of 94,813 equity shares on December 22, 2025, under two of its employee stock option plans. The allotment was made pursuant to the exercise of Employee Stock Options (ESOPs) by eligible employees and represents a routine corporate action under the company's employee compensation programs.

Share Allotment Details

The equity share allotment was distributed across two distinct employee stock option plans operated by the company:

The allotment was completed on December 22, 2025, following the exercise of stock options by employees under both plans. These restricted stock unit plans are part of Wipro's employee compensation and retention strategy.

Regulatory Compliance

Wipro has informed both major Indian stock exchanges about this allotment as part of its regulatory disclosure requirements. The company filed the necessary notifications with:

• BSE Limited (BSE: 507685)
• National Stock Exchange of India Limited (NSE: WIPRO)

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary M Sanaulla Khan signed the regulatory filing on behalf of Wipro Limited.

Employee Stock Option Plans

The two plans under which shares were allotted serve different purposes within Wipro's employee compensation framework. The ADS Restricted Stock Unit Plan 2004 and the Restricted Stock Unit Plan 2007 are designed to provide equity-based compensation to eligible employees, helping the company attract and retain talent in the competitive IT services sector.

Such ESOP exercises are routine corporate actions that occur when employees choose to convert their vested stock options into equity shares of the company. The allotment increases the total number of outstanding equity shares of Wipro Limited by 94,813 shares.