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Azim Premji Trust sells 2.73% stake in Wipro

22 Dec 2017 Evaluate

Azim Premji Trust, along with other promoter entities, has sold its 2.73% stake for more than Rs 5,700 crore in the recently concluded buyback offer. The trust along with nine other promoter entities -- who were persons acting in concert (PAC) -- offloaded a little over 17.96 crore shares during the buyback that closed on December 13. The price for the buyback offer was fixed at Rs 320 per share.

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


Peers
Company Name CMP
TCS 2191.50
Infosys 1060.65
HCL Technologies 1251.15
Wipro 166.70
Tech Mahindra 1555.15
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