Wipro Ltd - Allotment of Equity Shares

Wipro Ltd has informed BSE that :

1. Administrative Committee of the Companys Board of Directors at their meeting held over March 25, 2013, was resolved to issue and allot 30395 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under
Restricted Stock Unit Plan 2004, Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 2007.

2. Administrative Committee of the Companys Board of Directors at their meeting held over March 25, 2013, was resolved to issue and allot 28546 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004.

Wipro’s demerger plan gets Karnataka HC’s nod; stock down

Soaps-to-IT services conglomerate Wipro said Karnataka High Court has approved its demerger scheme aimed at hiving-off non-IT businesses into a separated unlisted company and focus exclusively on information technology. In a filing to the Bombay Stock Exchange on March 21, Wipro said, 'Hon'ble High Court of Karnataka has approved the Scheme of Arrangement for demerger of 'Diversified Business' of Wipro Limited as provided in the Scheme'. Earlier, in December 2012, the Azim Premji promoted company had secured shareholders' nod for the demerger plan that involved creation of a new unlisted company Wipro Enterprises. The new company will include Wipro Consumer Care & Lighting, Wipro Infrastructure Engineering and medical diagnostic product & services business. At 12:26 hours, shares of the company were trading at Rs 433 a piece, down 0.26 per cent from previous close on BSE.

Wipro Ltd - Updates on Scheme of Arrangement

Wipro Ltd has informed BSE that Honble High Court of Karnataka has approved the Scheme of Arrangement for demerger of Diversified Business of Wipro Limited as provided in the Scheme.

Wipro Infotech bags 3-yr contract from Emirates NBD

Wipro Infotech, the India and Middle East IT Business unit of Wipro Ltd, has bagged a 3 year strategic managed services contract from banking group Emirates NBD. Through the contract, delivery of end-to-end service transition and transformational services will be done effectively to the customers. The services portfolio will include maintaining the banking group's IT systems through a managed service framework, comprehensive help desk and field support services, a joint statement by the two companies stated. The company officials also stated that it will make the processes more streamlined and will allow the banks to offer better services to its end customers. A market leader across core business lines, all Emirates NBD remote offices will be provided support both physically and remotely in the Middle East and the international offices will be supported through a remote super model. Wipro will support both physically and remotely all Emirates NBD's offices in the Middle East and many of its international offices through a remote support model. "Clustered Onsite and On-call desk support services will be provided by trained professionals using tools aligned to international industry standards. As a part of this initiative, 30 Emirates NBD employees will be transitioned into Wipro through a seamless process," a company statement quoted. Some of the officials in the Wipro’s top management expressed their anticipation over the contract and said that such global best practices will bring in higher productivity and better services for the customer

Wipro Ltd - Allotment of Equity Share

Wipro Ltd has informed BSE that Administrative Committee of the Companys Board of Directors at their meeting held over March 13, 2013 was resolved to issue and allot 57234 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 Restricted Stock Unit Plan 2005 and Restricted Stock Unit Plan 200ttttu7.

Wipro Ltd - Outcome of Court Convened Meeting

Wipro Ltd has now submitted to BSE a copy of the minutes of Court Convened Extraordinary General Meeting of the company held on December 28, 2012.

Energy and utilities vertical to generate $1 bn revenue for Wipro

Indian software company, Wipro is finding oil as black gold for the company as the energy and utilities space are becoming lucrative enough for Wipro to generate annual revenue of $1 billion. The energy and utilities vertical of Wipro is contributing around $900 million, or 15 per cent of total sales and has become the fastest growing business unit as the company in April 2011 acquired oil and gas practice of US-based Scientific Applications International Corp (SAIC) for about $150 million, said the media report. "The acquisition helped us offer consulting and specialized services that are beyond IT infrastructure management or SAP implementation," Anand Padmanabhan, who manages the energy business unit out of London for Wipro told media. Beyond basic IT support services, Wipro now works with oil companies to analyze the copious amount of data generated by sensitive sonar probes sent to oil wells to generate intelligence on the presence of oil or gas.