"All the 18,10,388 shares of Wipro, which were held by Wipro Inc Benefit Trust have been sold at an average market price of Rs 552.43 per share," Wipro said in a filing to the BSE.
It added that the sale took place between December 9 and December 11, 2104.
In a filing on October 22, Wipro had said Wipro Inc Benefit Trust held 1.8 million shares of the company, arising out of a scheme of amalgamation between CMango India, Mpower Software Services India and Mpact Technology Services with Wipro Limited in 2007.
The entire sale proceeds will accrue to the Trust whose sole beneficiary is Wipro LLC, a subsidiary of Wipro Ltd.
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