General Announcement::Wipro Limited - Disclosure under Regulation 30 of SEBI LODR Regulations, 2015

Issuer & Securities

Issuer/ Manager
WIPRO IT SERVICES LLC
Securities
WIPRO IT US$750M1.5%N260623A - US97654MAA45 - WO5B
WIPRO IT US$750M1.5%N260623R - USU9841MAA00 - JCPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Jul-2022 09:16:05
Status
New
Announcement Sub Title
Wipro Limited - Disclosure under Regulation 30 of SEBI LODR Regulations, 2015
Announcement Reference
SG220701OTHR8QGW
Submitted By (Co./ Ind. Name)
M Sanaulla Khan
Designation
Company Secretary
Effective Date and Time of the event
01/07/2022 00:00:00
Description (Please provide a detailed description of the event in the box below)
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.

Attachments

SE_01072022.pdf
Total size =135K