Wipro announced the successful completion of a significant internal corporate restructuring involving its US subsidiaries. Rizing Consulting USA, LLC has been officially merged into its parent subsidiary, Rizing LLC. This step-down merger, effective March 31, 2026 (Eastern Time), is intended to rationalize and consolidate the overall group structure. The transaction was conducted at arm’s length and involved entities providing consulting and software support services.
Internal Subsidiary Merger Finalized
Wipro Limited has confirmed the successful completion of a merger between two of its step-down subsidiaries operating in the United States. The transaction involved the amalgamation of Rizing Consulting USA, LLC into Rizing LLC. This corporate action was declared effective as of March 31, 2026 (Eastern Time).
Rationale and Structure
The primary rationale behind this merger is the intention to rationalize and consolidate the overall group structure. The transaction was undertaken as an internal restructuring measure and did not involve any cash consideration or share exchange ratio with external parties.
Details of Merging Entities
Both entities are engaged in providing consulting and software support services. Key operational details for the involved entities, based on audited figures from March 31, 2025, are as follows:
- Rizing Consulting USA, LLC: Reported a Turnover of USD 46,715,994.
- Rizing LLC: Reported a Turnover of USD 84,384,857.
It is noted that this transaction does not fall within the scope of related party transactions requiring separate disclosure beyond this confirmation, and the transaction was executed on an “arm’s length” basis.
Source: BSE
