Wipro Limited, a leading IT giant has said that it has completed the divestment of Wipro Data Centre and Cloud Services, Inc., and data center business in Germany and UK.
“The divestment was completed on June 27, 2018, for a consideration of USO 399 million. The impact of this divestment is expected to reflect in the financials of the Company for the quarter ending June 30, 2018,” the company said in a filing to the Bombay Stock Exchange.
Wipro had proposed to divest its hosted data center services business, consisting of Wipro Data Centre and Cloud Services, Inc. (USA), a portion of data center business in Germany and UK, and certain employees in India who support the above operations, to Ensono, a leading hybrid IT services provider, for an aggregate consideration of USO 405 million.
Meanwhile, shares of the company were trading at Rs 257.55 apiece up 0.21 per cent from the previous close at 09:27 hrs on BSE.