BUSINESS AND BUSINESS MAN ARE UNPREDICTABLE. this deal was completed on 5th of april. India’s third largest software services firm Wipro has sold 63% of its stake in Wipro Airport IT to Antariksh Softtech in a Rs 3.15 crore deal.
sources said-Wipro Airport IT Services Ltd is a joint venture between Wipro (74%) and Delhi International Airport Ltd or DIAL that held 26% stake. It provides various IT services at the Indira Gandhi International Airport in New Delhi.
It added that the parties have mutually agreed to introduce a third party into the JV, with reduction of stake by Wipro. it is assumed Wipro now holds 11% stake in Wipro Airport IT.
time to think its pros and cons who will be benifited,who will not.>
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