Form 6-K WIPRO LTD For: Apr 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of April 2021
Commission File Number 001-16139
Wipro Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrants name into English)
Karnataka, India
(Jurisdiction of incorporation or organization)
Doddakannelli
Sarjapur Road
Bangalore, Karnataka 560035, India +91-80-2844-0011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DISCLOSURE OF ACQUISITION
Wipro Limited, a company organized under the laws of the Republic of India (the Company), hereby furnishes the Commission with the following additional information relating to the Companys previous announcement made on March 4, 2021, in which the Company informed the securities exchanges that it had entered into an agreement to acquire Capco, a global technology and management consultancy company providing digital, consulting and technology services to financial institutions in the Americas, Europe and Asia Pacific. The following information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On April 30, 2021, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange that the Company completed the acquisition of Capco and, consequent to completion of such acquisition, revised the revenue guidance provided by the Company as part of its earning press release made on April 15, 2021. A copy of the letter to the securities exchanges is attached hereto as Item 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.
WIPRO LIMITED |
/s/ Jatin Pravinchandra Dalal |
Jatin Pravinchandra Dalal |
Chief Financial Officer |
Dated: April 30, 2021
INDEX TO EXHIBITS
Item |
||
99.1 | Letter to the Exchanges dated April 30, 2021. |
Exhibit 99.1
April 30, 2021
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 March 4, 2021 informing that Wipro has signed an agreement to acquire Capco, a global management and technology consultancy company providing digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific. In continuation to the aforesaid letter, this is to inform that the said acquisition has been completed on April 29, 2021.
Consequent to completion of the aforesaid acquisition, the revenue guidance provided by the Company as part of the earnings press release in April 2021 for the current quarter (April-June 2021) is hereby revised as below:
Outlook for the quarter ending June 30, 2021
We expect Revenue from our IT Services business to be in the range of $2,324 million to $2,367 million*. This translates to a sequential growth of 8.0% to 10.0%. This does not include revenue from our recently announced acquisition of Ampion.
* | Outlook is based on the following exchange rates: GBP/USD at 1.39, Euro/USD at 1.20, AUD/USD at 0.78, USD/INR at 72.76 and CAD/USD at 0.78 |
This is for your information and records.
Thanking You,
For Wipro Limited
M Sanaulla Khan
Company Secretary
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