Wipro shares slump on first trading session after split
Wipro's split-off announced in Nov 2012 legally took effect on March 31, but has not been reflected in shares until Tuesday.
Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit.
Wipro's split-off announced in November 2012 legally took effect on March 31, but has not been reflected in shares until Tuesday, meaning the company's shares no longer take into account the contributions from these non-IT businesses.
Wipro's shares were down 8.4 per cent as of 9:30 am on Tuesday.
- Syrian, Russian Air Strikes Kill 25 Civilians in Syria, Says Human Rights Group
- UN Aid Convoy in Syria Hit by Airstrike; UN Outraged
- UN Aid Chief Warns of 'Unparalleled' Catastrophe in Aleppo
- Haunting Image Of Syrian Boy Rescued From Rubble Show True Horrors Of Aleppo
- Shraddha Kapoor Wanted To Be a Part Of 'Rock On' 8 Years Ago
- Rock on 2's New Song Jaago Urges You to Live Life On Your Own Terms
- Rock On 2 Trailer: Farhan, Shraddha, Arjun All Set to Bring Back Magik
- Rock On 2: Meet The Band Members of The Magik