Wipro share price falls 5% to Rs 256 after block deals

According to media reports, the Azim Premji Trust plans to sell a minimum of 0.29 per cent, or 17.8 million shares in the firm through block deals

Shares of Wipro fell 5 per cent to Rs 256 in intra-day trade on the BSE in after huge block deals were executed on the counter.

Till 11:22 am, a combined 57.86 million equity shares, representing 1.3 per cent equity, of Wipro had changed hands on the National Stock Exchange (NSE) and BSE.

The name of the buyer and sellers could not be ascertained immediately.

According to media reports, the Azim Premji Trust, part of the promoter group that owns 74.3 per cent in the software services provider, plans to sell a minimum of 0.29 per cent, or 17.8 million