Wipro Share Price Gains; Finalises Merger of VLSI Design Services with IT Services

On October 3, 2026, Wipro Limited announced the successful merger of its step-down subsidiaries, Wipro VLSI Design Services, LLC, and Wipro IT Services, LLC. The merger became effective on October 1, 2026, as per Eastern Time, as per the exchange filings. 

Details of the Merger 

The merger involves Wipro VLSI Design Services, LLC, which had a turnover of $1,043,971 as of March 31, 2026, and Wipro IT Services, LLC, which reported a turnover of NIL for the same period. This strategic move aims to streamline and consolidate Wipro's group structure. 

Wipro VLSI Design Services, LLC, specialises in VLSI design, verification, physical and analog design, FPGA, and product engineering services for the semiconductor and technology sectors. In contrast, Wipro IT Services, LLC, focuses on providing software development services. 

Rationale Behind the Merger 

The merger is part of Wipro's strategy to rationalise and consolidate its overall group structure. This transaction does not fall under related party transactions, and no cash consideration or share exchange ratio was involved. 

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Impact on Shareholding Pattern 

There will be no change in the shareholding pattern of the listed entity as a result of this merger. The transaction is purely an internal restructuring effort to enhance operational efficiency within the company. 

Wipro Share Price Performance 

As of October 05, 2026, at 12:04 PM, Wipro share price on NSE was trading at ₹162.45, up by 1.95% from the previous closing price. 

Conclusion 

Wipro's merger of VLSI Design Services into IT Services, effective October 1, 2026, aims to consolidate its group structure. VLSI Design Services reported a turnover of $1,043,971, while IT Services had a NIL turnover as of March 31, 2026. 

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