Wipro Ltd sells its stake in IntSights for $19.17 Mn

During the period 2016-19, Wipro acquired minority stake of less than 20% in IntSights Cyber Intelligence Ltd (IntSights), a cyberthreat intelligence service provider, for an aggregate investment of US$ 4.21 Mn. This investment was made through Wipro Ventures, the strategic investment arm of Wipro.

As part of recently announced acquisition of IntSights by Rapid7, Inc., Wipro has sold its entire stake in IntSights for a consideration of US$ 19.17 Mn. Consequent to the sale, Wipro does not hold any stake in IntSights.

Shares of WIPRO LTD. was last trading in BSE at Rs.573.6 as compared to the previous close of Rs. 577.65. The total number of shares traded during the day was 973620 in over 10312 trades.

The stock hit an intraday high of Rs. 584.45 and intraday low of 570.6. The net turnover during the day was Rs. 562679298.

Source : Equity Bulls

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