Wipro Restructures Group Subsidiaries to Simplify Operations
Wipro Limited announced a restructuring of its subsidiary holdings, effective March 30, 2026 (Eastern Time). Cardinal US Holdings, Inc., a step-down subsidiary of Wipro, has transferred its entire shareholding in Capco Consulting Services LLC, another step-down subsidiary, to The Capital Markets Company, LLC, also a step-down subsidiary. The company was informed of the change on April 1, 2026.The restructuring aims to rationalize and simplify Wipro’s overall group structure. The move does not benefit Wipro’s promoters, promoter group, or group companies.
Following the transfer, The Capital Markets Company, LLC, holds a 100% ownership stake in Capco Consulting Services LLC.
| Particulars | Details |
|---|---|
| Details and reasons for restructuring; | Transfer of the entire membership interest held by Cardinal US Holdings, Inc. in Capco Consulting Services LLC to The Capital Markets Company, LLC, effective March 30, 2026 (Eastern Time). The transaction has been undertaken with the intention to rationalize and simplify the overall group structure. |
| Quantitative and / or qualitative effect of restructuring; | Rationalization and simplification of the overall group structure. |
| Details of benefit, if any, to the promoter/promoter group/group companies from such proposed restructuring; | Nil |
| Brief details of change in shareholding pattern (if any) of all entities; | Internal restructuring through transfer of Cardinal US Holdings, Inc.'s entire membership interest in Capco Consulting Services LLC to The Capital Markets Company, LLC. Consequent to this transfer, the ownership structure of Capco Consulting Services LLC is as follows: The Capital Markets Company, LLC: 100% |
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