Through the merger, Wipro intends to consolidate business operations, enable synergies of operations, and reduce overheads including administrative, managerial and other expenditure
Wipro cited four reasons behind the merger decision — to consolidate business operations, enable synergies of operations, facilitate a reduction in overheads including administrative, managerial, and other expenditures, ensure an optimised legal entity structure, and to significantly reduce multiplicity of legal and regulatory compliances
Wipro's consolidated revenue from operations declined marginally to Rs 22,515.9 crore in the reported period from Rs 22,539.7 crore it registered in the September 2022 quarter.