Wipro to sell Drivestream India Private Limited for ₹18.03 crores as part of restructuring
Wipro Limited has entered an agreement to sell its entire holding in Drivestream India Private Limited for ₹18.03 crores to Drivestream Inc., an associate, as part of a restructuring plan, expected by December 31, 2025.
The divested entity, Drivestream India Private Limited, contributes a negligible percentage to Wipro's overall revenue and net worth, suggesting a low financial impact on the company's consolidated performance.
The announcement details a strategic restructuring involving the sale of a subsidiary to an associate at arm's length, which is a planned corporate action without immediate positive or negative financial implications disclosed.
* Wipro Limited has signed an agreement to transfer its entire holding in Drivestream India Private Limited. * This transaction is part of a restructuring plan. * The transfer involves 100 equity shares and 2,67,500 optionally convertible preference shares, which are being converted into equity shares, resulting in a total of 3,50,776 equity shares after conversion. * The buyer is Drivestream Inc., a corporation registered in Virginia, United States, and an associate of Wipro, LLC (a wholly-owned subsidiary of Wipro Limited). * The agreement for sale was entered into on November 3, 2025. * The sale is expected to be completed on or before December 31, 2025. * The consideration received from this sale is ₹18.03 crores. * As of March 31, 2025, Drivestream India Private Limited contributed ₹58.8 crores in revenue and ₹40.62 crores in net worth, representing NIL percentage of Wipro's overall figures. * This transaction is a related party transaction and is being done at arm’s length.
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Wipro Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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