Wipro Limited has announced its decision to divest its entire stake in Drivestream India Private Limited. The sale agreement was officially entered into on November 3, 2025, and is anticipated to be finalized by December 31, 2025. The consideration received from this transaction is INR 18.03 crores. This divestiture is part of a broader restructuring plan to optimize Wipro’s portfolio.
Strategic Divestiture Announcement
Wipro Limited has formalized an agreement to sell its complete stake in Drivestream India Private Limited, as of November 3, 2025. This decision aligns with the company’s ongoing efforts to streamline operations and optimize its investment portfolio.
Transaction Details
The divestiture involves transferring 100 equity shares, and 2,67,500 optionally convertible preference shares of Drivestream India Private Limited. The optionally convertible preference shares are being converted into equity shares resulting in a total of 3,50,776 equity shares after conversion.
Financial Impact and Timeline
The total consideration from the sale is INR 18.03 crores. The transaction is expected to be completed on or before December 31, 2025. Drivestream Inc., the buyer, is an associate of Wipro, LLC (Wholly-owned subsidiary of Wipro Limited), and the related party transaction will be at arm’s length.
Rationale Behind the Decision
The divestiture is part of a restructuring plan aimed at optimizing the company’s operations. Drivestream India Private Limited contributed INR 58.8 crores to Wipro’s revenue, representing a negligible percentage of the overall turnover. The net worth contribution was INR 40.62 crores.
Source: BSE
