Wipro shares fall nearly 5% after block deal

Wipro Ltd witnessed a huge block deal today in which around 26.70 million shares or 0.4% stake of the company changed hands, Bloomberg reported. However, details of the buyers and sellers were not immediately known.

At 9.30 am, Wipro shares were trading 3.2% lower at ₹260 while India’s benchmark index Sensex was down 0.11% at 36,683 points. Intraday, Wipro shares hit a low of ₹256 a share, falling as much as 4.76%, its sharpest decline since 14 January.

BloombergQuint had earlier reported that the promoters of the Bengaluru-based company would sell 0.4% stake in the company later in the day.