Wipro Ltd 6-K, filed Jul 5, 2022
Wipro Ltd (WIT)
About this 6-K
Wipro Ltd filed this 6-K on July 5, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of July 2022
Commission File Number 001-16139
Wipro Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English)
Karnataka, India
(Jurisdiction of incorporation or organization)
Doddakannelli
Sarjapur Road
Bangalore, Karnataka 560035, India +91-80-2844-0011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DISCLOSURE OF PARTNERSHIP
Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information relating to its partnership with Harte Hanks Inc., a marketing services firm specializing in multi-channel marketing solutions. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On July 1, 2022, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange that, further to the Company’s previous announcement made on January 24, 2018, in which the Company informed the securities exchanges of the Company’s signing a long-term partnership agreement with Harte Hanks Inc., the Company 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$9,926,000 in cash and 100,000 shares of Harte Hanks Inc., approximately 1.42% of Harte Hanks Inc.’s common stock, and that the transaction is subject to certain closing conditions and is expected to be completed within 90 days from the date of signing the agreement. A copy of the letter to the securities exchanges is attached hereto as Item 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.
| WIPRO LIMITED |
| /s/ Jatin Pravinchandra Dalal |
| Jatin Pravinchandra Dalal |
| Chief Financial Officer |
Dated: July 5, 2022
INDEX TO EXHIBITS
| Item |
||
| 99.1 | Letter to the Exchanges dated July 1, 2022. | |
Exhibit 99.1
July 1, 2022
The Manager – Listing
BSE Limited
(BSE: 507685)
The Manager – Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations
NYSE: New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In January 2018, Wipro and Harte Hanks Inc, a leading marketing services firm specialising in multi-channel marketing solutions, had signed a long-term partnership agreement to offer end-to-end marketing technology services to customers. As part of this agreement, Wipro LLC (a wholly owned subsidiary of Wipro Limited) had made a strategic investment of US$ 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 Company’s 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.
This is for your information and records.
Thanking You,
For Wipro Limited
M Sanaulla Khan
Company Secretary
