Wipro Limited — Important, 18-12-2024: General Updates

Wipro Limited has incorporated Capco Consulting Middle East FZE as a step-down subsidiary located in Dubai, UAE. This initiative aims to explore new business opportunities in the region, particularly in management consulting services and related activities. The new subsidiary has a share capital of AED 10,000, with Wipro holding complete ownership through Grove Holdings 2 S.á.r.l. By expanding its footprint in the UAE, Wipro is strategically positioning itself to tap into the growing consulting market, which could enhance revenue potential and diversify its service offerings. Investors should observe this move closely as it reflects Wipro’s commitment to growth in key international markets.