The company has allocated 1.6 crore equity shares to 17 funds at Rs 281 each, the top of the price band, amounting to a deal size of Rs 449 crore, according to the report. The public offering, priced between Rs 267 and Rs 281 per share, aims to raise Rs 1,500 crore and will be open for subscription from June 25 to June 27.
Wipro focusing on 5 key strategic initiatives to drive growth, says CEO Srini Pallia
Wipro faces revenue growth challenges, particularly in Europe, despite growth in America. The company focuses on large deals and cost optimization to maintain profitability amidst