EX-99.8 9 d326742dex998.htm EX-99.8

Exhibit 99.8

Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing

Obligations and Disclosure Requirements) Regulations, 2015

Sr. No. |  | Particulars |  | Description
1 |  | Target Name |  | InfoSERVER S.A.
2 |  | Related party transaction |  | No
3 |  | Industry of Target entity |  | IT Services and IT outsourcing
4 |  | Acquisition objectives |  | This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM market and an end-to-end IT services provider that brings global expertise while operating as a local company. This will also help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector
5 |  | Government & regulatory Approval required |  | Approval from CADE, Brazil
6 |  | Time period for completion |  | Closing is expected in the quarter ending March 31, 2017, subject to customary closing conditions and approvals by regulatory bodies in Brazil
7 |  | Nature of consideration |  | Cash
8 |  | Purchase consideration |  | Brazilian Reais 27.6 Million ( US Dollars 8.7 Million)
9 |  | Shares acquired |  | 100%
10 |  | Target Information |  | InfoSERVER S.A. was founded in 1995 in Brazil and offers custom application development, application management and Software deployment services. It has offices in Brazil in Sao Paolo, Rio de Janiero and Parana. InfoSERVER S.A. has a workforce of over 200 employees. Last three years’ revenue: BRL 30.5M (2013), BRL 33.8M (2014) and BRL 34.5M (2015)