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Image Credit: Bloomberg Quint

Wipro Block Deal: Promoter Entities Exchange Shares Worth Rs 5,000 Crore

  • Wipro promoter entities exchanged shares worth over Rs 5,000 crore, with Azim Premji Trust selling 1.93% equity.
  • Total promoter shareholding in Wipro was 72.73% as of March.
  • Wipro relocated its west Asia regional headquarters to Riyadh, Saudi Arabia and appointed Mohamed Mousa as the MD for the Middle East.
  • Wipro also signed a MoU with Prince Mohammad Bin Fahd University to establish a centre of excellence in Riyadh.

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