Mumbai, April 14, 2018: IT Major, Wipro has sold 63 per cent of its stake in Wipro Airport IT to Antariksh Softtech in a Rs 3.15 crore deal, company sources said on Saturday.
Wipro Airport IT Services is a joint venture (JV) between Wipro with 74 percent stake and Delhi International Airport (DIAL) with 26 percent stake.
DIAL is considering expansion of the airport and procuring more assets under the JV. Wipro Airport IT will continue to outsource IT services of the airport to Wipro as per the existing arrangement, Wipro said in a filing with BSE.
DIAL is considering expansion of the airport and procuring more assets under the JV. The parties have mutually agreed to introduce a third party into the JV, with reduction of stake by Wipro.
Consequent to the sale, Wipro Limited holds 11 per cent stake in Wipro Airport IT. Wipro Airport IT will continue to outsource IT services of the airport to Wipro Limited as per the existing arrangement.
United News Of India
