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:

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.

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.