Wipro reaches an agreement with US Securities and Exchange Commissions

Agrees to pay civil money penalty of USD 55 million

Wipro announced that it has reached an agreement with the US Securities and Exchange Commission to formally resolve the previously disclosed six-year old investigation. Under the terms of the settlement, the Company consents to pay a civil money penalty of USD 55 million, to cease and desist from committing or causing violations of the Exchange Act, and to undertake certain follow through actions.

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