EX-99.8 9 d326742dex998.htm EX-99.8

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)