India's Wipro founder to sell 35 mln shares

MUMBAI, March 12 Mon Mar 12, 2012 10:02am EDT

Related Topics

MUMBAI, March 12 (Reuters) - Azim Premji Trust, which owns a majority stake in India's Wipro Ltd, plans to sell up to 35 million shares of the country's No. 3 software exporter in market deals to finance the education activities of its non-profit arm.

The share sale is valued at about 15.32 billion rupees ($306 million) at Wipro's Monday market close price of 437.75 rupees.

(41=50 rupees) (Reporting by Sumeet Chatterjee; Editing by Aradhana Aravindan)