Business

Wipro shares down 4% on block deal reports

Agency | March 08, 2019 02:25 PM

MUMBAI Stocks of Wipro on the BSE slumped over 4 per cent on Friday after reports of a block deal emerged whereby Azim Premji Trust allegedly sold 0.44 per cent or 2.67 crore shares in the company.

The share price fell nearly 5 per cent around 11.45 a.m. to touch an intra-day low of Rs 255.60 per share.

At 2.10 p.m, the stock price was Rs 257.40, lower by Rs 11.40 or 4.24 per cent from its previous close of Rs 268.80 per share.

Azim Premji Trust is a part of the promoter group that owns 74.3 per cent stake in the software services provider. Wipro, however, has not put out the details of the deal so far and is yet to respond to a clarification sought by the BSE.

Have something to say? Post your comment
Must Read
Mansa administration to observe martyrdom of Bhagat Singh as Shanivaar Shramdaan Mission, DC
Mansa administration to observe martyrdom of Bhagat Singh as Shanivaar Shramdaan Mission, DC
Nirav Modi arrested in London, to be produced in court today
Nirav Modi arrested in London, to be produced in court today
Punjab CEO convened meeting with representatives of TV channels
Punjab CEO convened meeting with representatives of TV channels
Election Commission of India gives green signal to allotment of liquor vends for 2019-20
Election Commission of India gives green signal to allotment of liquor vends for 2019-20
So-called “Sting Operation” by BJP funded TV channel is “Doctored”, aims to tarnish my image: MP Chaudhary Santokh Singh
So-called “Sting Operation” by BJP funded TV channel is “Doctored”, aims to tarnish my image: MP Chaudhary Santokh Singh
Punjab CM orders Rs. 12 lakh financial assistance to martyr Karamjeet Singh
Punjab CM orders Rs. 12 lakh financial assistance to martyr Karamjeet Singh
More police at Nurmahal Dera than police station
More police at Nurmahal Dera than police station
Jalandhar (Rural) police arrest one drug smuggler, seize 3-kg opium
Jalandhar (Rural) police arrest one drug smuggler, seize 3-kg opium
Counter intelligence arrest gangster Iqbal Singh Afridi, head of infamous Cobra gang
Counter intelligence arrest gangster Iqbal Singh Afridi, head of infamous Cobra gang
Vigilance registers corruption case against two head constables, one nabbed
Vigilance registers corruption case against two head constables, one nabbed
LOK SABHA POLLS- 2,21,480  Licensed Weapons Surrendered in Punjab after enforcement of model code of conduct
LOK SABHA POLLS- 2,21,480 Licensed Weapons Surrendered in Punjab after enforcement of model code of conduct
BJP’s `Main Bhi Chowkidar’ campaign won’t fill stomachs or give jobs, says Capt Amarinder
BJP’s `Main Bhi Chowkidar’ campaign won’t fill stomachs or give jobs, says Capt Amarinder