Wipro Limited — JV/Acquisition, 01-04-2026: Amalgamation/Merger

Wipro has completed two key mergers involving its step-down subsidiaries to rationalize and consolidate its group structure. Capco RISC Consulting (FY25 turnover ~$15.3 million USD) merged with The Capital Markets Company (~$284.9 million USD) on March 30. Separately, Cardinal US Holdings (FY25 turnover NIL) merged with Wipro IT Services (~$107.5 million USD) on March 31. These internal realignments, focused on streamlining operations, are not expected to impact Wipro's shareholder pattern. This move aims to boost operational efficiency and strategic focus within Wipro's global IT services business.