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At 10:45 am, Wipro shares had edged higher by 0.18 per cent to Rs 544.05 on the BSEWipro has sold its stake in Denim Group for $22.42 million (approximately Rs 160 crore). “As part of the recently announced acquisition of Denim Group by Coalfire, Wipro has sold its entire stake in Denim Group for a consideration of $ 22.42 million,” Wipro said in a regulatory filing to the stock exchanges. At 10:45 am, Wipro shares had edged higher by 0.18 per cent to Rs 544.05 on the BSE.In March 2018, Wipro acquired a 33.33 per cent stake in Denim Group and Denim Group Management, LLC, an independent application security company for $8.83 million.In another filing, Wipro said it has made a minority strategic investment of less than 20 per cent in the US-based information technology incident response company Squadcast for $1.2 million.The transaction is expected to be completed during the quarter ended June 30, 2021.The BSE Sensex and NSE Nifty were trading higher by 0.4 per cent respectively at the time.



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