Azim Premji Trust sells 2.73% in Wipro

Our Bureau Bengaluru | Updated on January 09, 2018 Published on December 21, 2017

Azim Premji Trust, along with other promoter entities, has sold its 2.73 percent stake in Wipro for more than Rs 5,700 crore in the recently concluded buyback offer.

In a filing to the exchanges, India's third largest software exporter said that Azim Premji Trust along with nine other promoter entities who were persons acting in concert offloaded 17.96 crore shares during the buyback at a price of Rs 320 per share.

Wipro's share buyback closed on December 13. Further, around 34.37 lakh shares were brought back as a part of the buyback offer for Rs 11,000 crore, according to the filing. Wipro shares closed at Rs 297.65, marginally up over previous day's close.

Published on December 21, 2017
This article is closed for comments.
Please Email the Editor