Wipro Limited, a leading global information technology services company has said that it will partner with Rebuild Texas Fund to help in the recovery and rebuilding efforts following Hurricane Harvey, which left a trail of destruction across Texas.
In order to support affected communities, Wipro will contribute $250,000 towards the Rebuild Texas Fund set up by the Michael & Susan Dell Foundation in collaboration with the OneStar Foundation.
Wipro has also initiated a voluntary donation program encouraging contributions from employees. Wipro will match employee contributions dollar for dollar and this amount will also be donated to the Rebuild Texas Fund.
The Rebuild Texas Fund is expected to operate for a minimum of one to three years, and will be deployed towards relief, recovery, and rebuilding the affected areas in Texas. The four focus areas of the Rebuild Texas Fund include: health and housing; schools and child care; workforce and transportation; and capital for small businesses. All administrative costs will be covered either by the OneStar Foundation or the Michael & Susan Dell Foundation, which means 100 percent of donations will go directly towards relief, recovery, and rebuilding.
Meanwhile, shares of the company were trading at Rs 283.90 apiece, down 4.10 per cent from the previous close at 10:26 hours on BSE.