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Apr 16, 2013, 10.47 AM IST | Source: Moneycontrol.com

Wipro gets SEBI approval for relaxing cooling period for OFS

Wipro has received a letter from SEBI dated April 15, 2013 acceding to the Company's request and permitting the promoter and promoter group to divest through the OFS route during the twelve weeks cool off period.

Wipro Ltd has informed BSE that the Company vide its letter dated March 25, 2013 had applied to SEBI seeking a specific relaxation exemption from the twelve week cooling off period for carrying out an Offer for Sale through the stock exchange mechanism ("OFS") following the inter-se transfer amongst the promoter and promoter group entities on March 15, 2013.The Company is now in receipt of letter from SEBI dated April 15, 2013 ("SEBI Letter") acceding to the Company's request and permitting the promoter and promoter group (including the entities that carried out the inter-se transfer) to divest through the OFS route during the twelve weeks cool off period.Source : BSE

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