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    507685   INE075A01022

WIPRO LIMITED

(507685)
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End-of-day quote Bombay Stock Exchange  -  2022-08-18
432.80 INR   -0.51%
08/18Wipro Secures Multi-Year Contract from UK's Finance Ministry
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08/18Wipro Awarded Service Integration, Management Contract by UK's HM Treasury
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Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Form 6-K

07/05/2022 | 04:04pm EDT

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In January 2018, Wipro and Harte Hanks Inc, a leading marketing services firm specialising in multi-channel marketing solutions, had signed a long-term partnership agreement to offer end-to-end marketing technology services to customers. As part of this agreement, Wipro LLC (a wholly owned subsidiary of Wipro Limited) had made a strategic investment of US$ 9,926,000 towards 9,926 convertible preferred stocks of Harte Hanks Inc.

In continuation to our letter dated 24 Jan 2018, it is now informed that, Wipro LLC has signed a definitive agreement to sell its Series A Convertible Preferred Shares to Harte Hanks Inc by way of repurchase of shares for a total purchase consideration of US$ 9,926,000 in cash and 100,000 shares of Harte Hanks Inc, approximately 1.42% of the Company's common stock. The transaction is subject to certain closing conditions and is expected to close within 90 days from the date of signing the agreement.

This is for your information and records.

Thanking You,

For Wipro Limited

M Sanaulla Khan

Company Secretary

Disclaimer

Wipro Limited published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 20:03:04 UTC.


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Financials
Sales 2023 907 B 11 344 M 11 344 M
Net income 2023 119 B 1 483 M 1 483 M
Net cash 2023 226 B 2 829 M 2 829 M
P/E ratio 2023 20,1x
Yield 2023 1,92%
Capitalization 2 368 B 29 621 M 29 621 M
EV / Sales 2023 2,36x
EV / Sales 2024 2,07x
Nbr of Employees 258 574
Free-Float 26,6%
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Mean consensus HOLD
Number of Analysts 41
Last Close Price 432,80 INR
Average target price 449,46 INR
Spread / Average Target 3,85%
EPS Revisions
Managers and Directors
Thierry Delaporte CEO, Executive Director & Managing Director
Jatin Pravinchandra Dalal President & Chief Financial Officer
Rishad Azim Premji Executive Chairman
Subha Tatavarti Chief Technology Officer
Harmeet Chauhan Global Head-Engineering, Research & Development
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