Wipro rises on incorporating step-down subsidiary
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Wipro is currently trading at Rs. 552.75, up by 4.05 points or 0.74% from its previous closing of Rs. 548.70 on the BSE.
The scrip opened at Rs. 554.85 and has touched a high and low of Rs. 561.85 and Rs. 551.50 respectively. So far 1076516 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. 561.85 and Rs. 524.90 respectively. The current market cap of the company is Rs. 289065.75 crore.
The promoters holding in the company stood at 72.80%, while Institutions and Non-Institutions held 15.98% and 8.89% respectively.
Wipro’s wholly-owned subsidiary -- Wipro, Inc. has incorporated Wipro Life Science Solutions, LLC which is a step-down subsidiary of the company. Wipro Life Science Solutions' 100% shareholding is held by Wipro, Inc. The step-down subsidiary will explore new business opportunities in the life sciences segment by providing post-approval pharma services.
Wipro is a leading global information technology, consulting and business process services company.
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