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Wipro to merge five wholly-owned subsidiaries with itself after board approval

Wipro on Wednesday announced muted Q2 results for FY24 with a consolidated net profit of Rs 2,667.3 crore, compared to Rs 2,649.1 crore in the corresponding period last year. Its consolidated revenue was at Rs 22,515.9 crore, Wipro said in a regulatory filing.

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Wipro to merge five wholly-owned subsidiaries with itself

Through the merger, Wipro intends to consolidate business operations, enable synergies of operations, and reduce overheads including administrative, managerial and other expenditure

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Stocks in focus: IndusInd Bank, Hero MotoCorp, Wipro, CSB Bank, Indiabulls Housing, Majesco, sugar stocks

Stocks in focus: IndusInd Bank, Hero MotoCorp, Wipro, CSB Bank, Indiabulls Housing, Majesco, sugar stocks
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