Wipro shares fall nearly 2 pc as CEO Abidali Z Neemuchwala to step down

Shares of IT services major Wipro on Friday fell by nearly 2 per cent after the company said its CEO Abidali Z Neemuchwala has decided to step down.

The company’s scrip declined 1.66 per cent to close at Rs 236.80 on the BSE. During the day, it dropped 2.38 per cent to Rs 235.05.

On the NSE, it dipped 1.74 per cent to close the day at Rs 236.50.

Wipro on Friday said its CEO Abidali Z Neemuchwala has decided to step down and the company’s board has started scouting for his successor.