Wipro has completed the divestment of Wipro Data Centre and Cloud Services, Inc. (USA), and data center business in Germany and UK to Ensono, a leading hybrid IT services provider for a consideration of USD 399 million on 27 June 2018. The impact of this divestment is expected to reflect in the financials of the Company for the quarter ending 30 June 2018.
The divestment of data center operations in India is likely to be completed during the quarter ending 30 September 2018, subject to receipt of requisite regulatory approvals and customary closing conditions. Upon completion of such divestment, the Company will receive the remaining consideration of USD 6 million from Ensono.
Further, Wipro LLC, a wholly owned subsidiary of Wipro, has completed the acquisition of 10.2% stake in Ensono Holdings, LLC on 27 June 2018.
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