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Wipro exits JV, sells 11pc Stake to Antariksh

Wipro Limited

Information Technology behemoth Wipro Limited has said it has exited its JV Wipro Airport IT Services Limited  (WAISL) by selling its 11pc shareholding to Antariksh Soft Tech for Rs55.00-lakh.

Last year April, Wipro had sold 63pcof its stake in WAISL to Antariksh Soft Tech in a Rs3.15-crore deal. Consequently, Wipro held 11pc stakes in WAISL with DIAL holding 26pc and Antariksh holding 63pc.

With response to this development, the stock of Wipro opened at Rs283.80per share as against previous close of Rs282.10. The stock touched intra-day high of Rs283.80 per share at 3.25pm the stock was trading at Rs.280.40 down 0.60pc or Rs.170 against previous closing.