New Delhi, Jul 25: IT services firm Wipro on Friday said its step-down subsidiary Wipro Holdings Hungary Korlatolt Felelossegu Tarsasag has been voluntarily liquidated.
Confirmation of the liquidation was received from the Hungarian Court of Registration on July 25, 2025, according to a regulatory filing by the company. The decision has been taken with an intent to rationalise and consolidate Wipro's overall group structure, it said.
Wipro Shares Jump Over 4% After Q1 Profit Rises On Strong Deal WinsThe Hungarian subsidiary contributed no operational revenue during the last financial year, with other income reported at Rs 2.9 crore and a net worth of Rs 18.5 crore, accounting for only 0.02 per cent of Wipro's net worth.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
You may also like
Inside England captain Leah Williamson's sweet summer holiday with Miss USA 'girlfriend'
Helmut Marko breaks silence on Christian Horner's Red Bull sacking as reason clear
'I scored one of the most iconic goals ever then I retired at 27 for an IT job'
Cambodian civil aviation authority bans flights from flying across fighting zones with Thailand
You can do hair botox at home, prepare gel from these brown seeds and then see the effect
