Wipro’s promoter to sell stake via OFS route

16 Apr 2013

One of India's leading software services provider, Wipro’s promoter is planning to sell stake in the company through the offer for sale (OFS) route. In this regard, the company has received SEBI’s approval dated April 15, 2013 acceding to company’s request and permitting the promoter and promoter group to divest through the OFS route during the twelve weeks cool off period.

The company however did not disclose the quantity or the probable date of auctioning the shares. As on December, 2012, Wipro promoters had 78.29% stake in the firm, which has also presence in fast-moving consumer durables among others.

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