UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of August 2018
Commission File Number 001-16139
Wipro Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrants name into English)
Karnataka, India
(Jurisdiction of incorporation or organization)
Doddakannelli
Sarjapur
Road
Bangalore, Karnataka 560035, India +91-80-2844-0011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DISCLOSURE OF SETTLEMENT
Wipro Limited, a company organized under the laws of the Republic of India (the Company) hereby furnishes the Commission with a copy of the following information relating to a settlement of lawsuit with National Grid US. The following information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On August 4, 2018, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange that it has effected a settlement for the release of all claims under the lawsuit with National Grid US for an amount of US$75 million. The formalities for withdrawal of the lawsuit are expected to be completed shortly. A copy of the letter to the securities exchanges is attached hereto as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.
WIPRO LIMITED |
/s/ Jatin Pravinchandra Dalal |
Jatin Pravinchandra Dalal |
Chief Financial Officer |
Dated: August 6, 2018
INDEX TO EXHIBITS
Item |
||
99.1 | Letter to Securities Exchanges, dated August 4, 2018, announcing the settlement with National Grid. |
Exhibit 99.1
August 4, 2018
The Manager Listing
BSE Limited
(BSE: 507685)
The Manager Listing
National Stock Exchange of India Limited.
(NSE: WIPRO)
The Market Operations,
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Intimation
Please find enclosed an intimation pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for your records.
For WIPRO LIMITED
M Sanaulla Khan
Company Secretary
ENCL: As Above
Wipro Limited | T: +91 (80) 2844 0011 | |
Doddakannelli | F: +91 (80) 2844 0054 | |
Sarjapur Road | E: info@wipro.com | |
Bengaluru 560 035 | W: wipro.com | |
India | C: L32102KA1945PLC020800 |
Intimation pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Wipro and National Grid settle lawsuit in the US
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has effected a settlement for the release of all claims under the lawsuit with National Grid US and a Stipulation of Discontinuance of the lawsuit has been filed in the U.S. District Court for the Eastern District of New York. The formalities for withdrawal of the lawsuit are expected to be completed shortly.
The settlement has been effected for an amount of US$ 75 million and is without admission of liability or wrongdoing of any kind by the parties. The lawsuit was filed by National Grid US in 2017 seeking damages amounting to US$ 140 million plus additional costs related to an ERP implementation project.
National Grid has been a valued customer of Wipro for over a decade and both organizations have had a mutually beneficial relationship over the years. We believe that this settlement will be commercially beneficial for us and will help us remain focused on growth.
The settlement is expected to reflect in the financials of Wipro Limited for the quarter ending September 30, 2018.
Wipro Limited | T: +91 (80) 2844 0011 | |
Doddakannelli | F: +91 (80) 2844 0054 | |
Sarjapur Road | E: info@wipro.com | |
Bengaluru 560 035 | W: wipro.com | |
India | C: L32102KA1945PLC020800 |
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