At 10:45 am, Wipro shares had edged greater by 0.18 per cent to Rs 544.05 on the BSE
Wipro has offered its stake in Denim Group for $22.42 million (roughly Rs 160 crore). “As part of the recently announced acquisition of Denim Group by Coalfire, Wipro has sold its entire stake in Denim Group for a consideration of $ 22.42 million,” Wipro stated in a regulatory submitting to the inventory exchanges. At 10:45 am, Wipro shares had edged greater by 0.18 per cent to Rs 544.05 on the BSE.
In March 2018, Wipro acquired a 33.33 per cent stake in Denim Group and Denim Group Management, LLC, an impartial software safety firm for $8.83 million.
In one other submitting, Wipro stated it has made a minority strategic funding of lower than 20 per cent within the US-based info expertise incident response firm Squadcast for $1.2 million.
The transaction is predicted to be accomplished through the quarter ended June 30, 2021.
The BSE Sensex and NSE Nifty have been buying and selling greater by 0.4 per cent respectively on the time.
