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Wipro: Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015


In January 2018 Wipro and Harte Hanks Inc a leading marketing services firm specialising in multi-channel marketing solutions had signed a long-term partnership agreement to offer end-to-end marketing technology services to customers. As part of this agreement Wipro LLC (a wholly owned subsidiary of Wipro Limited) had made a strategic investment of US$ 9 926 000 towards 9 926 convertible preferred stocks of Harte Hanks Inc.In continuation to our letter dated 24 Jan 2018 it is now informed that Wipro LLC has signed a definitive agreement to sell its Series A Convertible Preferred Shares to Harte Hanks Inc by way of repurchase of shares for a total purchase consideration of US$ 9 926 000 in cash and 100 000 shares of Harte Hanks Inc approximately 1.42% of the Companys common stock. The transaction is subject to certain closing conditions and is expected to close within 90 days from the date of signing the agreement.

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