Major Stake Shuffle: Wipro Promoter Shares Exchanged
Shares of Wipro, a leading Indian IT company, experienced a notable exchange among its promoter group entities. About 1.93% of its equity, valued at Rs 5,057 crore, shifted hands through open market transactions, impacting the company's stock value positively on both the BSE and NSE.
- Country:
- India
In a significant market move, the promoters of Wipro collectively exchanged approximately 20.23 crore shares, equating to a 1.93% stake in the company. The shift, occurring during Monday's trading session, has been valued at Rs 5,057 crore.
As a result of this transaction, Wipro's stock saw a positive uptick, closing 1.09% higher on the Bombay Stock Exchange (BSE) at Rs 251.30, and a 1.26% rise on the National Stock Exchange (NSE) at Rs 251.72 apiece.
Promoter entity Azim Premji Trust spearheaded the move by selling these shares, while Premji Invest and its affiliate Prazim Trading and Investment, alongside Hasham Traders and Prazim Traders, acquired the stake, maintaining cohesion within the promoter group entities.
(With inputs from agencies.)
- READ MORE ON:
- Wipro
- shares
- stake
- exchange
- Azim Premji Trust
- Promoter
- Premji Invest
- NSE
- BSE
- Trading
ALSO READ
InterGlobe Aviation Shares Slide as Promoter Sells Stake
PG Electroplast Promoters Divest 5.3% Stake Amid Strategic Transactions
Byju's Promoters Challenge Insolvency Decision: Supreme Court Admits Appeals
Supreme Court to Hear Byju's Promoters' Plea in Insolvency Case
Big Players Snap Up Suzlon Energy Shares Amid Promoter Stake Sale
Google News