Wipro’s wholly owned subsidiary -- Wipro LLC has signed a definitive agreement to sell its Series ‘A’ convertible preferred shares to Harte Hanks by way of repurchase of shares for a total purchase consideration of $9,926,000 in cash and 1 lakh shares of Harte Hanks, approximately 1.42% of the company’s common stock. The transaction is subject to certain closing conditions and is expected to close within 90 days from the date of signing the agreement.
Wipro is a leading global information technology, consulting and business process services company.
