Govt sells Rs 1,150 cr worth enemy shares in Wipro
At the price of Rs 258.90 per share, the the total value of the stocks sold amounts to nearly Rs 1,150 crore, as per the data that was available on the exchange on Thursday. The proceeds would add to the government's disinvestment kitty. More than 3.86 crore enemy shares were purchased by LIC.
Apart from Life Insurance Corporation (LIC), General Insurance Corporation and The New India Assurance Corporation have bought the shares.Photo: Reuters