INSUBCONTINENT EXCLUSIVE:
block deal on the Bombay Stock Exchange (BSE).However, it did not mention further details of the transaction
Reports had earlier suggested that Azim Premji Trust, the philanthropic arm of Wipro, was looking at selling up to Rs 700 crore.On Thursday,
Azim Premji Trust sought pre-clearance for selling equity shares of the company
It was granted permission the same day, Wipro said in a regulatory filing."On March 8, 2019, the company has been informed that Azim Premji
Trust has sold 2,66,66,667 equity shares of the company on BSE," the filing added.The company said it will make necessary disclosures to
stock exchanges as required under the Securities and Exchange Board of India (SEBI) Insider Trading Regulations within the prescribed
timelines."The sale is an independent transaction undertaken by Azim Premji Trust and the company is not a party to any negotiations
