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Wipro Sells Entire Stake In IT Services Provider Ensono

At 10:48 am, Wipro shares edged decrease by 0.6 per cent as in opposition to half a per cent rise in Sensex

Wipro has bought its complete stake in info know-how companies supplier Ensono for $76.24 million as a part of the acquisition of Ensano by non-public fairness participant KKR. “As a part of just lately introduced acquisition of Ensono by KKR, Wipro has bought its complete stake in Ensono Holdings, LLC for a consideration of US$ 76.24 million,” Wipro mentioned in a regulatory submitting to the inventory exchanges.

Consequent to the sale, Wipro doesn’t maintain any stake in Ensono Holdings, LLC, Wipro added.

In March 2018, Wipro had acquired 10.2 per cent stake in Ensono Holdings, LLC, the dad or mum firm of Ensono, for $55 million. This purchase was a part of a long-term partnership settlement to collectively handle the hybrid IT necessities of Wipro’s enterprise prospects.

At 10:48 am, Wipro shares had edged decrease by 0.6 per cent to Rs 535.55 as in opposition to a half a per cent rise within the benchmark indices.

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