Business

63% STAKE SOLD BY WIPRO TO WIPRO AIRPORT IT RECENTLY

Wipro Airport IT will continue to outsource IT services of the airport to Wipro as per the existing arrangement.

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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