NEW DELHI: Shares of WiproNSE -3.55 % slipped nearly 5 per cent on Friday morning after 2.67 crore shares traded in a block at Rs 260 per share on BSE.
The scrip hovered at Rs 260.40 down 3.13 per cent at around 09:29 am while the benchmark BSE Sensex was down 0.12 per cent at 36,680.72.
"The Azim Premji Trust, part of the promoter group that owns 74.3 per cent in the software services provider, plans to sell a minimum of 0.29 per cent, or 1.78 crore shares through block deals," the report added. The trust was expected to sell shares at a price band of Rs 255.40 to Rs 260.78, a discount of 3-5 per cent on the Thursday’s closing price.
The fall in the stock, thus was in line with the block deal price.
In the past as well, have been monitoring stakes in Wipro to help improve the quality of education in Indian primary schools.
Meanwhile, the shares of Wipro opened at Rs 261.70 on BSE against its previous closing of Rs 268.80.
The scrip hovered at Rs 260.40 down 3.13 per cent at around 09:29 am while the benchmark BSE Sensex was down 0.12 per cent at 36,680.72.
"The Azim Premji Trust, part of the promoter group that owns 74.3 per cent in the software services provider, plans to sell a minimum of 0.29 per cent, or 1.78 crore shares through block deals," the report added. The trust was expected to sell shares at a price band of Rs 255.40 to Rs 260.78, a discount of 3-5 per cent on the Thursday’s closing price.
The fall in the stock, thus was in line with the block deal price.
In the past as well, have been monitoring stakes in Wipro to help improve the quality of education in Indian primary schools.
Meanwhile, the shares of Wipro opened at Rs 261.70 on BSE against its previous closing of Rs 268.80.
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