July 06, 2020

The Manager – Listing BSE Limited (BSE: 507685)

The Manager – Listing National Stock Exchange of India Limited (NSE: WIPRO)

Dear Sir/Madam,

Sub: Newspaper Advertisement- Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the copy of the newspaper advertisement published in The Economic Times and Kannada Prabha. The same has been made available on the Company’s website www.wipro.com.

Thanking You,

For Wipro Limited

G Kothandaraman General Manager - Finance

CCI NG 3.7 Product: ETBangaloreBS PubDate: 04-07-2020 Zone: Bangalore Edition: 1 Page: ETBGECO2 User: salmanul.farisy Time: 07-03-2020 23:35 Color: CMYK

Companies: Pursuit of Profit 5 The Economic Times, Bengaluru, Saturday, 4 July 2020 SHORT TAKES FUNDINGS COME AMID RIL FOCUS ON CONSUMER TECH  Tata Steel, Dutch Bharti & UK Govt Team Bags Platforms Gets Unions Resolve Issues KOLKATA Tata Steel announced on Friday it Satellite Firm OneWeb for $1b `.1,895 crore from had reached an agreement with its Dutch unions to resolve differences that led to the UK govt to provide $500 m and take a significant share in co; Bharti arm to invest rest strike action in its steel plant at prior to the latest developments. Capital now IJmuiden in the Netherlands, Rakhi Our Bureau OneWeb was founded in 2014 by ent- Mazumdar reports. “As part of the Joining Forces repreneur Greg Wyler. It had raised agreement, the employment pact for Kolkata: A consortium of India’s OneWeb makes low-earth orbit about $3.3 billion in debt and equity Eleven investors put in Bharti Enterprises and the UK go- from a clutch of investors such as On A Roll employees in the Netherlands will be satellites to deliver fast broadband vernment has won a bid to take over to remote, rural areas SoftBank, Airbus, Qualcomm, Coca a total `1.17 lakh crore JIO PLATFORMS extended by five years and there will OneWeb, offering to invest $1 billion Cola, Intelsat and Grupo Salinas. It be no compulsory redundancies from Bharti Enterprises arm, Bharti is a founding Other Investors (`7,465 crore) in the British firm that collapsed into bankruptcy in March for 25.09% holding in Facebook, Vista, Silver the company’s transformation pro- went bankrupt while trying to build a UK govt to own 45% each member of OneWeb; it took after its biggest investor, SoftBank, Lake, ADIA, General constellation of satellites to deliver in OneWeb: report a minority stake in 2015 pulled back its funding. An auction RIL’s digital venture gramme,” an official statement said. Atlantic, TPG, L Catterton, These are the key aspects of the wireless broadband globally. was held on Thursday. The new pro- Bharti to provide In March 2020, OneWeb fi led KKR, Mubadala & PIF agreement following negotiations The two partners will invest $500 posed investment, which is expected million each in OneWeb, which aims operational, commercial for bankruptcy protection to help the company complete const- Our Bureau Market expects Jio between the company and unions to provide high-speed, low-latency leadership to OneWeb under Chapter 11 ruction of the constellation, is sub- Platforms IPO in 2 years which finished late last night, the broadband services, especially in ru- ject to a clearance from a US court : Intel Capital, the in- statement added. Tata Steel’s Dutch ral areas, and take on the likes of king the investment through overse- Mittal said in a separate statement. and other regulatory approvals, and vestment arm of the world’s INTEL CAPITAL management team, meanwhile, will Elon Musk’s SpaceX Starlink and as arm Bharti Global, didn’t announ- Sunil Mittal’s son Shravin, as a di- is expected to close before the end of largest chip maker Intel Corpora- Investment arm discuss the transformation pro- Jeff Bezos’s Amazon-linked Project ce how much stake they would own rector of Bharti Global, led the bid the year, the UK government said in tion, will invest 1,894.50 crore in of Intel Corporation gramme, and the resulting job losses Kuiper. until press time on Friday. People in for the Bharti Enterprises arm its statement. Mittal said this busi- Jio Platforms for a 0.39% stake, The British government will take a the know said each would get a 45% which has numerous investments ness had “substantial commercial the companies said in a joint Invests in innovative cos with the local works council following significant equity share in OneWeb, stake, with existing investors retai- across telecoms, technology, hospita- use cases” across the telecoms, enter- statement on Friday. worldwide with a focus on a consultation process. UK business secretary Alok Sharma ning the remaining 10%. lity, transportation and energy seg- prise, aviation and maritime sectors, This is the 11th investor to pick disruptive tech areas like cloud  said in a statement. Bharti, he said, “Bharti will be leading the effort to ments. and with strong operational execu- up stake in computing, AI and 5G NCLAT Closed till July would provide commercial and ope- deliver the promise of universal bro- Bharti Enterprises, the holding tion, Bharti would be able to generate Ltd’s (RIL) telecom and digital 10 After Staff Tests +ve rational leadership, and bring One- adband connectivity through One- company of Bharti Airtel, India’s se- an attractive return for investors, business in less than two months. Since 1991, co has poured Web a revenue base to contribute to- Web, with active support and partici- cond largest telco, was one of the fo- while also ensuring Britain plays a Intel’s stake buy will take the to- $12.9b into more than 1,582 cos NEW DELHI The National Company wards its future success. pation of the British government,” unding members of OneWeb and leading role in space and next-gene- tal investments in Jio Platforms Law Appellate Tribunal has suspended The UK and Bharti, which is ma- Bharti Enterprises chairman Sunil had a strategic stake in the company ration communications. to `. 117,588.45 crore for a combined 1,582 companies worldwide, and work till July 10 due to sealing of its 25.09% holding. 692 portfolio companies have The investment, subject to regu- gone public or participated in a premises after finding one of its staff latory and other approvals, pegs merger. Covid positive. The tribunal in a notice Jio Platforms’ equity value at “Jio Platforms’ focus on apply- dated July 2 said all court works, Huawei, ZTE Internal Foxconn Clears Goods `. 4.91 lakh crore and enterprise ing its impressive engineering including the virtual hearing of cases value at `. 5.16 lakh crore, Reliance capabilities to bring the power of and filing, would remain suspended as said in the joint statement. low-cost digital services to India some members of the staff have come Apps Escape Govt Ban Stuck with Customs Jio Platforms houses RIL’s tele- aligns with Intel’s purpose of de- com business under Reliance Jio livering breakthrough technolo- in direct contact with the affected said that the recent ban is posing manufacturing. Infocomm, besides other digital gy that enriches lives,” said Wen- person. “A staff member was reported [email protected] some communication challenges Himanshi.Lohchab “Foxconn has followed all proce- properties and investments. dell Brooks, president, Intel Capi- to have tested positive for Covid-19 on in connecting with their Chinese @timesgroup.com dures related to customs clearance Shares of RIL closed at `. 1,787.50, tal. “…Through this investment, June 26, 2020, which mandated Kolkata: Among the 59 Chinese suppliers. in India, in accordance with the lo- up 1.5%, on the BSE Friday. we are excited to help fuel digital further sanitisation and sealing of the apps that the government banned Huawei, for instance, is using its New Delhi: Foxconn, the world’s cal laws and regulations, and we can “Intel Capital has an outstand- transformation in India, where premises of this Appellate Tribunal and earlier this week, apps and com- enterprise smart office product, largest contract manufacturer, sa- confirm that all shipments to India ing record of being a valuable Intel maintains an important munication tools such as E-Space, IdeaHub, purely for video-confe- id India has cleared all its consign- have been processed,” the compa- partner for leading technology presence.” suspension of work till July 3, 2020,” We-Link or IdeaHub do not figure. rencing remotely with internal te- ments that had been stuck at the co- ny’s Taiwanese parent, Hon Hai companies globally. We are there- Intel’s investments come at a the notice by the registrar said. That is because these are among ams in China, although it has the untry’s seaports and airports. Precision Industry, said in a filing fore excited to work together with time when RIL is pivoting itself  internal apps and proprietary tech- option to use the pro- Imports of Chinese smartphone with the Taipei Stock Exchange on Intel to advance India’s capabili- as a consumer technology compa- Scheduled Intl flights nology products used by top Chine- prietary product to brands including Xiaomi, Oppo, Vi- Friday. ties in cutting-edge technologies ny, away from being just an ener- Suspended till July 31 se telecom gear suppliers, Huawei connect with external vo and Realme too are being cleared, Foxconn makes that will empower all sectors of gy conglomerate. and ZTE, to remotely connect with business partners, having received approvals for auto- smartphones in In- our economy and improve the In fact, RIL has stressed that Re- NEW DELHI The aviation company colleagues and business suppliers and custo- matic clearance of the consign- dia for Apple, Chi- quality of life of 1.3 billion Indi- liance Jio is more of a technology regulator DGCA said on partners in China for daily mee- mers, if needed. ments, the industry association re- na’s Xiaomi and ans,” , chairman company than just a telecom Friday it was extending tings and business reviews. Its India employees also use in-ho- presenting these companies said. HMD, the Finnish company that of Reliance Industries said in the firm, underlined by the fact that the suspension of schedu- In fact, for these Chinese telecom use apps such as E-Space and We- Amid escalating tensions betwe- owns the Nokia brand. “The go- statement. the 11 investors who have picked vendors – who face an uncertain Link for unlimited calling, file sha- en India and China, the country vernment, this week, has given the Intel Capital invests in innova- up stake mainly focus on the glob- led international passenger flights in future in India owing to the esca- ring and instant messaging, purely around 10 days back had begun approval (for customs clearance) tive companies across the world al technology space. the country till July 31but added that lating India-China border stand- for internal communication with 100% manual checks of consign- and the backlog is being cleared with a focus on disruptive tech- “Bringing in Intel Capital, some international scheduled servi- off in Ladakh – it is business as colleagues based in China. ments, mainly those from China, for all companies,” India Cellular nology areas like cloud comput- which is focused on both 5G and ces on selected routes may be permit- usual, sources said, since they ha- ZTE India, it is learnt, has also delaying clearances and piling up and Electronics Association cha- ing, artificial intelligence and 5G tech, further improves the over- ted on a case to case basis. Scheduled ve not at all been impacted by the deployed in-house proprietary di- of consignments at ports. It has irman Pankaj Mohindroo said. — opportunities where Jio is also all quality of the battery of global international passenger flights were recent government action against gital communication tools to talk now eased the requirement, after The association represents innovating and investing for strategic investors in Jio Plat- Chinese mobile apps. shop and conduct business revi- industry raised concerns over the smartphone manufacturers such growth. forms,” said Rajiv Sharma, re- suspended in India on March 23 due Interestingly, the claims come at ews remotely with teams and bu- impact on component supply, as Apple, Foxconn, Xiaomi, Oppo Since 1991, Intel Capital has in- search head at SBICaps Securi- to the coronavirus pandemic. a time when local companies have siness partners in China. especially for local electronics and Vivo. vested $12.9 billion in more than ties. Govt Eyes 5 Lakh Home Fibre Domestic Fresh APAs Would Reflect Covid Connections by September Air Traffic to Fall by Reality, I-T Dept Assures MNCs Surabhi.Agarwal @timesgroup.com Move comes after cos 46% in FY21 sought clarity on their New Delhi: The government aims to provide nearly 500,000 taxation demands fibre-to-home (broadband) con- PTI nections by September, a top ex- ecutive told ET. Mumbai: The recommencement of [email protected] The Ministry of Electronics commercial passenger flight servi- and IT’s rural network of 400,000 ces in a graded manner is unlikely to Mumbai: The tax department has Common Service Centres has help the domestic aviation industry reached out to multinationals loo- rolled out the facility after the recover in the current financial year king to sign advance pricing agree- Department of Telecommunica- with domestic air traffic expected to ments (APA) and assured them that tions entrusted it to take the am- shrink by 41-46% and international the new terms will take into conside- bitious BharatNet fibre optic travel demand by a negative 67-72% ration the impact of the viral pande- network to every last mile in the Out of the 50,000 connections ecommerce app with around year-on-year owing to Covid-19, a re- mic on business operations, people the companies that Covid realities environment. country. so far, 86% are to government in- 100,000 online shop fronts since port said. The domestic passenger aware of the development said. would be taken into consideration Tax experts said the government The venture has already pro- stitutions while the rest have launch in April, was exploring flight services restarted from May 25 APA is a transfer pricing tool that while deciding methodology and could also renegotiate or allow so- vided 50,000 fibre connections in been provided to individual cus- partnerships with companies after a two months hiatus due to the dictates pricing mechanisms or margins,” said Kunj Vaidya, a char- me leeway on a case-to-case basis the last one month. tomers. such as homegrown FMCG firm lockdown in the wake of coronavirus margins to be maintained while de- tered accountant specialising in for already signed APAs. The telecom department as- Close to 50,000 rural public Wi- Patanjali and global beverages pandemic. The international opera- aling with an overseas parent or transfer pricing. “While there have been no discus- signed CSCs the task of operat- Fi hotspots using the optical giant Coca-Cola to sell directly to tions, however, remained suspended another group entity. APAs have be- Indian entities of many multina- sions on APAs that are already sig- ing and maintaining the Bharat- fibre have also been set-up. rural areas through the e-stores. since March 22 for similar reasons. en one of the most successful tools tionals, which receive a fixed margin ned, that too could see renegotia- Net fibre optic backbone in July BharatNet is an ambitious gov- The hyperlocal ecommerce The government on Friday exten- in reducing litigation in transfer or a mark-up from their parents for tions as the critical assumptions 2019. Most of the connections are ernment initiative to connect platform, which could give ded the suspension of scheduled in- pricing disputes. People in the intra-company dealings, are now un- have changed due to Covid pande- in three states — Uttar Pradesh, the entire country with fibre op- tough competition to Flipkart, ternational flights till July 30. It, ho- know said several multinationals der pressure due to increased cost of mic, to which the APA team has ex- Maharashtra and Madhya Pra- tic cable at the panchayat level. Amazon and BigBasket, among wever, said that some international based out of India were worried abo- operations during the Covid-19 cri- pressed openness,” said Vaidya. desh, with UP constituting near- Now, CSCs are taking it further others, is now targeting to reach scheduled routes may be permitted ut signing new APAs and were see- sis. Also struggling in their home Tax experts point out that many ly 50% of the total connections from 100,000 panchayats to insti- every panchayat in the country. on a case-to-case basis. “As per our king clarity and certainty on their markets, the parent companies in captive units of multinationals that so far, said Dinesh Tyagi CEO of tutions in surrounding villages, E-Grameen Store is a brain- study, though restricted recommen- taxation demands. many cases, want the Indian entities have signed the APAs claim that the CSC eGovernance Services. such as government schools, po- child of the CSCs which collabo- cement of domestic air traffic has be- There are hundreds of pending to slash the margins. assumptions on which they had ag- “Lots of students and young lice stations, anganwadi cen- rated with nearby ration depots, gun, this will in no case help the in- APAs, they said, as most of the com- Tax experts said companies that reed to sign the APAs have changed people are getting to experience tres, panchayat bhawans, CSC local farmers and fishermen etc dustry to recover the lost ground in panies had put these on the back have already signed the APAs also due to the pandemic. the internet for the first time offices and post offices, along to provide essentials at people’s FY2021. However, H2 FY2021 will wit- burner due to the Covid -19 pande- face the same problems. As a transfer pricing mechanism, through this, which is a great with providing connections to doorsteps during the first few ness some recovery, with Q4 FY2021 mic that has impacted margins. At a time when margins across in- APA has had a great run in the last feeling. Looking at the response, individual customers on de- phases of the lockdown. Till witnessing a degrowth of just 3-14% “The tax department has started dustries are under pressure, main- seven years and about 300 of those we are aiming to provide 5 lakh mand. June 26, these e-Grameen Stores y-o-y in domestic with improved pas- proactively reaching out to multi- taining the pre-decided margins were signed by the Central Board of connections by September- ET reported earlier this week had made close to 300,000 deliver- senger load factors (PLFs),” Icra said nationals that were looking to sign under APA and paying tax on it co- Direct Taxes with leading global end,” Tyagi added. that E-Grameen Store, a rural ies worth `14 crore. in the report. APAs and they have even assured uld pose a challenge in the current companies.

IN CONSOLIDATION MODE Rel Brands to Step Up Online Focus, Rightsize Manpower Seller of luxury brands said to have transferred retail staffers to group firm JioMart; co says internal job postings a regular phenomenon job posting) system, where every experience. Anumeha.Chaturvedi new opening/vacancy is first Reliance Brands said Employees working across brands @timesgroup.com thrown open to a group employee,” Rejig Mode during lockdown 1,000 such as Mothercare, Jimmy Choo, the company said in a statement. RELIANCE BRANDS SELLS ecommerce was are in corporate Tiffany & Co., Canali, Hunkemoller New Delhi: Reliance Brands, a Reliance Brands sells products of PRODUCTS OF BRANDS... the only func- division and Brooks Brothers have been subsidiary of Reliance Industries brands such as Jimmy Choo, Tiffany impacted. ~ Jimmy Choo ~ Diesel tional channel that sells a raft of luxury and premi- & Co., Canali, Brooks Brothers, Kate “There was no written communi- ~ Tiffany & Co. ~ Coach um labels in India, is in a consolida- Spade, Diesel, Coach, Giorgio Arma- Company believed to have cation. I was told in a Microsoft ~ Canali ~ Giorgio Armani tion mode, people close to the situa- ni, Muji, and Mothercare. 4,000 employees in the country Teams meeting that I will have to ~ Brooks ~ Muji tion said. It is transferring retail “The focus is on ecommerce. They resign since business is down, a Brothers ~ Hamleys staffers to group company JioMart, want to push individual brand sales restructuring is underway and ~ Kate Spade ~ Mothercare increasing focus on online sales online as they feel during Covid-19 some roles will become redundant,” and rightsizing its manpower crisis, ecommerce will give more Co said to be keen on pushing said an employee in the corporate individual brand sales online needs, they added. revenue,” said one person. division. The main job realignments are in Reliance Brands said during the “I have checked with multiple the corporate division, the people lockdown ecommerce was the only 4,000 employees in the country, of economic certainty. So for us the departments across brands in the said. functional channel. which about 1,000 are in the corpo- challenge is how to repurpose the corporate division and every de- In a response to ET’s queries, “Notwithstanding the huge rate division. Corporate division’s workforce since stores were shut partment is saying a few professio- Reliance Brands denied that a growth in ecommerce, Reliance functions include customer rela- across the country during the nals have been told they will be restructuring exercise was being Brands group continues to operate tionship management, visual lockdown and there isn’t much repurposed. The position is not a carried out and said employee more than 570 brick and mortar merchandising, human resources, work. So we are trying to adjust yardstick,” another employee said. churn was an integral part of its stores and 200-plus shop in shops retail planning and buying, marke- people in other divisions,” said the Employees who were asked to look work life. with plans of further growing this ting, IT and training. senior executive quoted earlier. for options said they would be given “Transfer or movement of emplo- network within this financial year,” “Over the last month and a half, An employee at one of the luxury three months’ basic salary and yees within the Reliance Brands it added. there have been internal discus- stores who was asked to move to corporate insurance. “The front Group and the overall Reliance “Revenues were down by over sions on how to consolidate opera- JioMart said he was given the end staff of brands is not that Retail Group, are again a regular 70%,” said a senior executive on tions. Luxury business has been hit option at the end of May. impacted and is being moved to and ongoing phenomenon. In fact, conditions of anonymity. hard as people have been post- He decided to leave because the JioMart and other Reliance compa- we have a very strong IJP (internal The company is said to have about poning luxury purchases given the change doesn’t fit his core work nies,” said another employee.