MoneyWorks4Me

Wipro sells stake in Denim Group for $22.4 million

03 Jun 2021 Evaluate

Wipro has sold its entire stake in Denim Group for a consideration of $22.42 million (about Rs 160 crore). Consequent to the sale, Wipro does not hold any stake in Denim Group.

In March 2018, the company has acquired a 33.33 percent stake in Denim Group and Denim Group Management, LLC, an independent application security firm, for a consideration of $8.83 million.

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

Peers
Company Name CMP
TCS 2250.00
Infosys 1076.00
HCL Technologies 1255.00
Wipro 169.85
Tech Mahindra 1575.00
View more..