Please refer to our letter dated September 1, 2023 informing that Wipro Limited ("Company") had signed a definitive agreement to subscribe for the equity share capital in FPEL Ujwal Private Limited ("FPEL"). The transaction was completed and intimated to the Stock Exchanges on October 10, 2023
In continuation to the aforesaid letters, it is hereby informed that FPEL has issued equity shares to new offtakers and converted its existing Optionally Convertible Debentures (OCDs) into equity shares. As a result of these transactions, Wipro''s shareholding has diluted from 9.95% to 7.07% with effect from April 11, 2024.
|