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Wipro Sells Entire Stake In IT Solutions Provider Ensono; Stock Edges Lower

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At 10:48 am, Wipro shares edged lower by 0.6 percent as versus half a percent rise in SensexWipro has actually offered its whole stake in information technology services provider Ensono for $76.24 million as part of the acquisition of Ensano by private equity gamer KKR.

As part of just recently announced acquisition of Ensono by KKR, Wipro has actually sold its entire stake in Ensono Holdings, LLC for a consideration of US$ 76.24 million, Wipro stated in a regulative filing to the stock exchanges.Consequent to the sale, Wipro does not hold any stake in Ensono Holdings, LLC, Wipro added.In March 2018, Wipro had actually gotten 10.2 per cent stake in Ensono Holdings, LLC, the moms and dad company of Ensono, for $55 million.

This buy was part of a long-term partnership agreement to jointly resolve the hybrid IT requirements of Wipro's business customers.At 10:48 am, Wipro shares had actually edged lower by 0.6 per cent to Rs 535.55 as versus a half a percent increase in the benchmark indices.




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