Real-time Stock quotes, portfolio, LIVE TV and more.
Mar 14, 2012, 04.34 PM IST
The floor price for a share auction by a trust controlled by software exporter Wipro's billionaire founder Azim Premji has been set at Rs 418 a share, stock exchange data showed on Wednesday.
The floor price for the auction to sell up to 35 million Wipro shares represents a 3% discount to the stock's Tuesday close of Rs 430.95. The auction got only 71% covered at the close.
Proceeds from the Wipro share sale will be used to finance the education activities of the Azim Premji Foundation, a non-profit unit set up by the founder to improve the quality of education in the country.
May 20 2013, 23:30
- in World News
May 20 2013, 12:21
- in Commodities