Wipro gains on selling entire stake in Ensono Holdings, LLC
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Wipro is currently trading at Rs. 539.15, up by 0.50 points or 0.09% from its previous closing of Rs. 538.65 on the BSE.
The scrip opened at Rs. 539.45 and has touched a high and low of Rs. 540.25 and Rs. 531.20 respectively. So far 63118 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 545.00 on 27-May-2021 and a 52 week low of Rs. 196.35 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 545.00 and Rs. 510.00 respectively. The current market cap of the company is Rs. 293768.59 crore.
The promoters holding in the company stood at 73.02%, while Institutions and Non-Institutions held 15.37% and 9.00% respectively.
Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC. In March 2018, Wipro and Ensono, a leading hybrid IT services provider, had signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of this agreement, Wipro had made a strategic investment of $55 million for a 10.2% stake in Ensono’s combined entity, Ensono Holdings, LLC.
Wipro is a leading global information technology, consulting and business process services company.
