The government has sold enemy shares worth around Rs 1,150 crore in Wipro to Life Insurance Corporation (LIC) and two other state-owned insurers. The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece. Apart from LIC, General Insurance Corporation and the New India Assurance Corporation have bought the shares.
Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.
