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Form 6-K WIPRO LTD For: Jan 22

January 22, 2021 4:02 PM EST

 

 

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 January 2021

Commission File Number 001-16139

 

 

Wipro Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s 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 registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s 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 registrant’s 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.

 

 

 


ANNOUNCEMENT OF CANCELLATION OF EQUITY SHARES

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with a copy of the following information relating to the completion of the buyback of its equity shares (the “Share Buyback Offer”). 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 January 21, 2021, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange (the “Exchanges”) of the completion of the cancellation of equity shares repurchased in connection with the Share Buyback Offer. A copy of such letter to the Exchanges and the enclosures are attached to this Form 6-K 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: January 22, 2021


INDEX TO EXHIBITS

 

Item

    
99.1    Letter to the stock exchanges submitted on January 21, 2021

Exhibit 99.1

 

LOGO

wipro

January 21, 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:

Completion of extinguishment of 23,75,00,000 (Twenty Three Crores Seventy Five Lakhs) Equity Shares of Wipro Limited (the “Company”)

Pursuant to the public announcement dated November 18, 2020 (the “Public Announcement”) and the letter of offer dated December 22, 2020 (the “Letter of Offer”), the Tendering Period for the Buyback opened on Tuesday, December 29, 2020 and closed on Monday, January 11, 2021.

In accordance with the provisions of Regulation 24(iv) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the “Buyback Regulations”), the following are the details of the Equity Shares bought back by the Company during the Tendering Period and extinguished:

 

Equity share capital before

the said extinguishment

(Number of Equity Shares)

  

Number of Equity Shares

extinguished

  

Equity share capital after

the said extinguishment

(Number of Equity Shares)

5,71,53,38,089    23,75,00,000    5,47,78,38,089

The terms used but not defined in this letter shall have the same meanings as assigned in the Public Announcement and the Letter of Offer.

We also enclose a copy of the certificate dated January 21, 2021 relating to the above extinguishment of 23,75,00,000 Equity Shares, in accordance with the provisions of Regulation 11(iv) of the Buyback Regulations.

The number of Equity Share bought back and the post-Buyback shareholding pattern were disclosed in the Post Buyback Public Announcement published and submitted for your records on January 16, 2021 and have been reproduced in Annexure A for ease of reference.

Yours faithfully,

For Wipro Limited

LOGO

M Sanaulla Khan

Company Secretary

ENCL: As above

 

LOGO

Registered Office:
Wipro Limited T: +91 (80) 2844 0011
Doddakannelli F: +91 (80) 2844 0256
Sarjapur Road E: [email protected]
Bengaluru 560 035 W: wipro.com
India C: L32102KA1945PLC020800


Annexure A

The shareholding pattern of the Company, pre and post Buyback, is as under:

 

Category of Shareholder

   Pre Buyback      Post Buyback  
     Number of
Equity Shares
     % to pre
Buyback
Equity
Share
capital
     Number of
Equity Shares
     % to post
Buyback
Equity
Share
capital
 

Promoter and Promoter Group

     4,22,99,45,033        74.01        4,00,10,40,248        73.04  

Foreign Investors (Including ADRs, Non-Resident Indians, FIIs, FPIs, Foreign Nationals, and Overseas Corporate Bodies)

     64,47,35,118        11.28        

Financial Institutions/Banks, NBFCs & Mutual Funds

     34,68,32,236        6.07        1,47,67,97,841        26.96  

Others (Public, Bodies Corporate, Clearing Members, Trusts and HUF)

     49,38,25,702        8.64        

Total

     5,71,53,38,089        100.00        5,47,78,38,089        100.00  


CERTIFICATE OF EXTINGUISHMENT OF EQUITY SHARES BOUGHT BACK BY WIPRO LIMITED

(the “Company”)

The certificate is being issued pursuant to the requirements of Regulation 11 of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”).

Pursuant to the Public Announcement dated November 18, 2020 and the Letter of Offer dated December 22, 2020, the tendering period for the Buyback Offer opened on Tuesday, December 29, 2020 and closed on Monday, January 11, 2021 (the “Tendering Period”). The following are the details of the Equity Shares bought back by the Company during the said Tendering Period and extinguished.

 

A.

The equity shares extinguished in dematerialised form are as under:

 

Name of the Depository Participant and DP ID No.    Company’s A/c. No.    Date of Extinguishment    No. of Equity Shares
Extinguished

JM Financial Services

Limited – IN302927

   10288238    January 19, 2021    23,75,00,000

 

B.

The equity shares extinguished in physical form are as under: Nil

 

C.

The total equity shares extinguished/destroyed in dematerialised and physical form arc as under:

 

Total Number of Equity Shares Extinguished/ Destroyed (A+ B)

     23,75,00,000  

This is to certify that the above equity shares of the Company, being in dematerialised form were extinguished in compliance with the provisions of Regulation 11 of the Buyback Regulations. This is for your information and records.

 

For Wipro Limited     For Wipro Limited
LOGO     LOGO

Name: Rishad A Premji

Designation: Chairman

   

Name: Thierry Delaporte

Designation: Chief Executive Officer and Managing Director

For Deloitte Haskins & Sells LLP

Chartered Accountants

Firm Registration No 117366W/W-100018

   

For KFin Technologies Private Limited

Registrar to the Buyback

LOGO     LOGO

Name: Vikas Bagaria

Designation: Partner

Membership No: 60408

   

Name: M Murali Krishna

Designation: General Manager

Date: January 21, 2021

Enclosed: Confirmation from National Securities Depository Limited for extinguishment of Equity Shares in dematerialized form.

CC:

JM Financial Limited, 7th floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India.


LOGO

National Securities Depository Limited
NSDL Technology, Trust & Reach

 

Ref: II/CA/COM/02970/2021    January 19, 2021

Mr. Sanaulla Khan Mohammed

Company Secretary

Wipro Limited

Doddakannelli

Sarjapur Road

Bangalore - 560035

Sub : Buy-back (tender offer)

Dear Sir,

As per the corporate action(s) executed by your R&T Agent/Registry Division viz; KFIN TECHNOLOGIES PRIVATE LIMITED., Equity Shares were credited/debited to the account(s) in the NSDL system, details of which are given below :

 

ISIN

  

ISIN Description

  

D/C

  

Records

  

Quantity

  

Execution Date

INE075A01022    WIPRO LIMITED EQ F.V. RS. 2    Debit    1    237,500,000.000    19/Jan/2021

You may contact your R&T Agent/Registry Division for further details in this regard.

Your faithfully,

Rakesh Mehta

Vice President

Digitally Signed By

Name: RAKESH MAHASUKHLAL MEHTA

Date: 19/01/202113:06:20

Reason: Authentication

Location: NSDL,Mumbai

 

LOGO

4th Floor, ‘A’ Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India
Tel.: 91-22-2499 4200 | Fax: 91-22-2497 6351 | CIN-U74120MH2012PLC230380 | Email:[email protected] | Web: www.nsdl.co.in



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