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30-08-2024 11:06 AM | Source: Accord Fintech
Wipro gains on subscribing equity share capital of Huoban Energy 11

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Wipro is currently trading at Rs. 539.70, up by 1.10 points or 0.20% from its previous closing of Rs. 538.60 on the BSE.

The scrip opened at Rs. 542.40 and has touched a high and low of Rs. 542.40 and Rs. 535.65 respectively. So far 69997 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.00 on 19-Jul-2024 and a 52 week low of Rs. 375.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 542.40 and Rs. 516.15 respectively. The current market cap of the company is Rs. 280334.23 crore.

The promoters holding in the company stood at 72.82%, while Institutions and Non-Institutions held 15.37% and 9.49% respectively.

Wipro has completed its subscription in equity share capital of Huoban Energy 11 (HEPL) on August 28, 2024. Earlier, the company had signed a definitive agreement on January 18, 2024, to subscribe for the equity share capital in Huoban Energy 11. 

The objective of acquisition is to enhance the proportion of usage of renewable energy for offices in Maharashtra. This project is expected to help company move closer to its goal of becoming Net Zero by 2040 and 100% renewable energy for purchased electricity by 2030.

Wipro is a leading global information technology, consulting and business process services company.