Following the share sale, Wipro shares appreciated by 1.61 per cent to shut at Rs 258.95 apiece on the BSE. The inventory settled 1.62 per cent greater at Rs 259 per piece on the Nationwide Inventory Alternate (NSE).
In accordance with the block deal knowledge on the NSE, promoter entity Azim Premji Belief offered a complete of 18.05 crore fairness shares or 1.72 per cent stake in Bengaluru-based Wipro. The transaction valued at round Rs 4,674.77 crore, was executed at a median value of Rs 258.99 per share.
In the meantime, Prazim Merchants and Zash Dealer (a part of Wipro’s promoter group) purchased these shares on the identical value.
On Monday, Azim Premji Belief offloaded 20.23 crore fairness shares or 1.93 per cent stake in Wipro. The transaction, valued at round Rs 5,057 crore whereas Premji Make investments by its arms Prazim Buying and selling and Funding Firm, Hasham Merchants and Prazim Merchants purchased these shares.
In November final 12 months, Premji Make investments by Prazim Buying and selling and Funding Firm bought 8.49 crore shares or 1.6 per cent stake in Wipro for Rs 4,757 crore, whereas Prazim and Zash Merchants offloaded an equal variety of shares within the IT firm.
