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| Wipro Limited |
| Sarjarpur Road, Bangalore, India 560 035 |
| Business Description | The company is a leading India based provider of IT services globally. The company provides high-end IT solutions to leading companies worldwide and India. |
| Offering Information Company has | |||
| Trading As | WIT (NYSE) | Industry | High-Tech (SIC 7371) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 9/21/00 |
| Domestic Shares Offered | 2,750,000 | Offer Date | 10/18/00 |
| Foreign Shares Offered | 0 | Filing Price | $52.48 |
| Company Shares | 2,750,000 | Offer Price | $41.38 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.862 |
| Gross Proceeds | $113,781,250 | Selling | $1.210 |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 231,906,350 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 3/31/00 | 6/30/00 | |||||
| Revenues | - | - | - | - | 526.703 | - | 140.109 |
| Income from Oper. | - | - | - | - | 167.526 | - | 25.326 |
| Net Income | - | - | - | - | 76.357 | - | 21.868 |
| E.P.S | - | - | - | - | 0.340 | - | 0.100 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 31.81 | 18.08 | - |
| Net Profit Margin (%) | - | - | - | - | 14.50 | 15.61 | - |
| Cash Flow - Oper. | 79.75 | - | 7.91 | ||||
| Cash Flow - Inv. | -64.00 | - | -9.52 | ||||
| Cash Flow - Fin. | -12.36 | - | -0.58 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 301.41 | Current Assets | 180.51 | Current Ratio | 1.45 |
| Total Liab. | 131.01 | Current Liab. | 124.62 | Debt Ratio | 43.46% |
| Total Equity | 170.41 | Working Cap. | 55.89 | Debt to Equity Ratio | 0.77 |
| Cash | 15.34 | Return on Assets | 7.26% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including possible strategic investments, partnerships and acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Milbank, Tweed, Hadley & McCloy |
| Auditor | KPMG Accountants N.V. |
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