You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Wipro inches up after announcing divestment of EcoEnergy division

Capital Market 

rose 0.25% to Rs 466.25 at 9:26 on after the company announced that it has signed an agreement for divestment of its EcoEnergy division viz. EcoEnergy, on slump sale basis, for a sale consideration of $70 million.

The announcement was made after market hours yesterday, 30 November 2016.

Meanwhile, the S&P Sensex was up 58.01 points or 0.22% at 26,710.82.

On the BSE, 4,489 shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one quarter. The stock had hit a high of Rs 469.10 and a low of Rs 466 so far during the day. The stock had hit a 52-week high of Rs 606.75 on 20 April 2016. The stock had hit a 52-week low of Rs 410 on 9 November 2016. The stock had outperformed the market over the past one month till 30 November 2016, advancing 0.02% compared with the Sensex's 4.57% fall. The scrip had also outperformed the market in past one quarter, sliding 4.91% as against the Sensex's 5.96% fall.

The large-cap IT company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

The buyer is Chubb Alba Control Systems (Chubb Alba), an indirect subsidiary of United Technologies Corporation (UTC). The sale is expected to be closed in early 2017, subject to requisite approvals. EcoEnergy contributed Rs 67.64 crore (0.1%) to Wipro's revenue in FY 2016.

has been sharpening focus on its core IT business. Since business carried out by the EcoEnergy division is not core and strategic to overall IT business of the company, it has been decided to divest the business.

Wipro's consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Wipro inches up after announcing divestment of EcoEnergy division

Wipro rose 0.25% to Rs 466.25 at 9:26 IST on BSE after the company announced that it has signed an agreement for divestment of its EcoEnergy division viz. Wipro EcoEnergy, on slump sale basis, for a sale consideration of $70 million.

rose 0.25% to Rs 466.25 at 9:26 on after the company announced that it has signed an agreement for divestment of its EcoEnergy division viz. EcoEnergy, on slump sale basis, for a sale consideration of $70 million.

The announcement was made after market hours yesterday, 30 November 2016.

Meanwhile, the S&P Sensex was up 58.01 points or 0.22% at 26,710.82.

On the BSE, 4,489 shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one quarter. The stock had hit a high of Rs 469.10 and a low of Rs 466 so far during the day. The stock had hit a 52-week high of Rs 606.75 on 20 April 2016. The stock had hit a 52-week low of Rs 410 on 9 November 2016. The stock had outperformed the market over the past one month till 30 November 2016, advancing 0.02% compared with the Sensex's 4.57% fall. The scrip had also outperformed the market in past one quarter, sliding 4.91% as against the Sensex's 5.96% fall.

The large-cap IT company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

The buyer is Chubb Alba Control Systems (Chubb Alba), an indirect subsidiary of United Technologies Corporation (UTC). The sale is expected to be closed in early 2017, subject to requisite approvals. EcoEnergy contributed Rs 67.64 crore (0.1%) to Wipro's revenue in FY 2016.

has been sharpening focus on its core IT business. Since business carried out by the EcoEnergy division is not core and strategic to overall IT business of the company, it has been decided to divest the business.

Wipro's consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Wipro inches up after announcing divestment of EcoEnergy division

rose 0.25% to Rs 466.25 at 9:26 on after the company announced that it has signed an agreement for divestment of its EcoEnergy division viz. EcoEnergy, on slump sale basis, for a sale consideration of $70 million.

The announcement was made after market hours yesterday, 30 November 2016.

Meanwhile, the S&P Sensex was up 58.01 points or 0.22% at 26,710.82.

On the BSE, 4,489 shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one quarter. The stock had hit a high of Rs 469.10 and a low of Rs 466 so far during the day. The stock had hit a 52-week high of Rs 606.75 on 20 April 2016. The stock had hit a 52-week low of Rs 410 on 9 November 2016. The stock had outperformed the market over the past one month till 30 November 2016, advancing 0.02% compared with the Sensex's 4.57% fall. The scrip had also outperformed the market in past one quarter, sliding 4.91% as against the Sensex's 5.96% fall.

The large-cap IT company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

The buyer is Chubb Alba Control Systems (Chubb Alba), an indirect subsidiary of United Technologies Corporation (UTC). The sale is expected to be closed in early 2017, subject to requisite approvals. EcoEnergy contributed Rs 67.64 crore (0.1%) to Wipro's revenue in FY 2016.

has been sharpening focus on its core IT business. Since business carried out by the EcoEnergy division is not core and strategic to overall IT business of the company, it has been decided to divest the business.

Wipro's consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard