Wipro sells stake in Denim Group for $22.4 million
Date: 03-06-2021Wipro 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.