Wipro demerger

Wipro slumps over 12%; m-cap down by Rs 13,446 crore

Wipro's scrip on Tuesday slumped 12.19 percent, wiping-off Rs 13,446 crore from its market value, on the first day of trade as a standalone IT stock after the company hived-off its three non-IT business divisions into a privately-held company.

Apr 09, 2013, 13:24 PM IST

Wipro to hive-off non-IT biz into unlisted arm

Country's third largest software firm Wipro Thursday said it will demerge its non-IT businesses into a new company, a move which will allow it to focus exclusively on information technology.

Nov 01, 2012, 11:16 AM IST