Wipro Ltd. promoter entities, backed by billionaire founder Azim Premji, exchanged shares worth over Rs 5,000 crore via open market transactions on Monday.
Azim Premji Trust sold 20.23 crore shares or 1.93% equity at Rs 250 apiece, as per bulk deal data on the NSE. The amount aggregates to up to Rs 5,057 crore.
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Hasham Traders bought 11.9 crore shares (1.13% equity), Prazim Traders acquired 5.95 crore shares (0.56%) and Prazim Trading and Investment Co. bought 2.38 crore shares (0.22%).
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The total promoter shareholding in Wipro stood at 72.73% as of March, according to BSE data.
Besides, Wipro announced it has relocated its west Asia regional headquarters from Al Khobar to Riyadh, Saudi Arabia.
The Bengaluru-headquartered firm has also recently appointed Mohamed Mousa as managing director for the Middle East out of the new headquarters, according to a regulatory filing.
The new office is the latest addition to Wipro's presence in the country, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail.
Further, Wipro said it has signed a memorandum of understanding with Prince Mohammad Bin Fahd University to establish a centre of excellence in Riyadh.
The CoE aims to train local talent through academic training in advanced technologies, hands-on-experience, and access to Wipro's resources.
Shares of Wipro ended 1.26% higher at Rs 251.29 apiece on the NSE, compared to a 0.4% gain in the benchmark Nifty 50. The stock has risen 6% in the last 12 months but has fallen 16% so far this year.
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