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Wipro exits JV by selling remaining 11% stake to Antariksh Softtech

28 Jun 2019 Evaluate

Wipro has exited its joint venture (JV) Wipro Airport IT Services (WAISL) by selling its remaining 11 per cent shareholding to Antariksh Softtech for Rs 55 lakh. In April last year, the company had sold 63 per cent of its stake in WAISL to Antariksh Softtech in a Rs 3.15 crore deal.

WAISL was a JV between Wipro (74 per cent) and Delhi International Airport (DIAL), which held 26 per cent stake. It provided various IT services at the Indira Gandhi International Airport in New Delhi.

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.

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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