Azim Premji Trust sells over 26.6 mn Wipro shares on BSE, stock sheds 4.5%

IT major Wipro Friday said one of its promoters, Azim Premji Trust, has sold 26.6 mn shares of the company in a block deal on the BSE.

The company however, did not disclose further details of the transaction.

Following the said block deal, the shares of the company closed at Rs 256.50 Friday, down 4.58 per cent from its previous close on the BSE.

Azim Premji Trust, is part of the promoter group that held 3,36,19,97,805 shares amounting to 74.30 per cent stake in the company as of the quarter ended December 31, 2018.