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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 2516.75
Infosys 1167.20
HCL Technologies 1425.20
Wipro 194.40
Tech Mahindra 1791.15
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