Wipro Ltd.

Wipro is currently trading at Rs. 336.70, up by 1.10 points or 0.33% from its previous closing of Rs. 335.60 on the BSE.

The scrip opened at Rs. 333.75 and has touched a high and low of Rs. 338.60 and Rs. 331.20 respectively. So far 89572 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 381.70 on 13-Oct-2020 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 347.75 and Rs. 331.15 respectively. The current market cap of the company is Rs. 191453.82 crore.

The promoters holding in the company stood at 74.02%, while Institutions and Non-Institutions held 14.88% and 8.63% respectively.

Wipro has signed a definitive agreement to acquire Encore Theme Technologies (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services. Over the past decade, Encore Theme - headquartered in Chennai, India - has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintechs, to financial institutions across the Middle East, Africa, India and Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions.

Financial institutions are all looking to modernize their trade platforms and focus on the end-toend digitalization of commercial routines. Trade Finance is a strong revenue generation stream with a high cost base structure, where technology will play a big part in driving future growth. Wipro, a global strategic partner of Finastra, and Encore Theme will together enable this modernization for financial institutions.

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