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Business News/ Industry / Infotech/  Wipro gets Sebi nod on minimum public shareholding norm
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Wipro gets Sebi nod on minimum public shareholding norm

Anirban Sen , Mihir Dalal

Sebi approves firm’s proposal to meet the norm of 25% through a transfer of shares by the promoters to a trust for supporting philanthropy

The so-called ‘Irrevocable Independent Trust’ will have trustees either from public sector banks or public financial institutions, Wipro said in a statement. Photo: Hemant Mishra/Mint (Hemant Mishra/Mint)Premium
The so-called ‘Irrevocable Independent Trust’ will have trustees either from public sector banks or public financial institutions, Wipro said in a statement. Photo: Hemant Mishra/Mint (Hemant Mishra/Mint)

Bangalore: Wipro Ltd said that the Securities and Exchange Board of India (Sebi) has approved its proposal to meet the minimum public shareholding requirement of 25% through a transfer of shares by the promoters to a trust for supporting philanthropy.

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