Exhibit 99.1
December 16, 2020
The Manager – Listing
BSE Limited
(BSE: 507685)
The Manager – Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: | Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |
Please refer to our earlier letter dated October 28, 2020 informing that Wipro Limited (“Company”) has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (“Encore Theme”), a specialist in providing SaaS and Cloud solutions in financial services.
In continuation to the aforesaid letter, this is to inform that the Company has completed the acquisition of 83.4% equity stake in Encore Theme. The remaining 16.6% equity stake will be acquired subject to and after receipt of certain regulatory approvals/confirmations.
This is for your information and records.
Thanking You,
For Wipro Limited
M Sanaulla Khan
Company Secretary