Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $ 76.24 million. Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC. In March 2018, Wipro and Ensono, a leading hybrid IT services provider, had signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of this agreement, Wipro had made a strategic investment of $ 55 million for a 10.2% stake in Ensono’s combined entity, Ensono Holdings, LLC.
Wipro is a leading global information technology, consulting and business process services company.
