Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 07 2018

Wipro sells 63% stake in airport IT services to Antariksh Softtech

Wipro Airport IT will continue to outsource IT services of the airport to Wipro as per the existing arrangement.

Wipro sells 63% stake in airport IT services to Antariksh Softtech

The third largest software services of the country, Wipro India's has confirmed to sell 63% of its stake in Wipro Airport IT to Antariksh Softtech in a Rs 3.15 crore deal.

Wipro Airport IT Services Ltd is a joint venture (JV) between Wipro (74%) and Delhi International Airport Ltd or DIAL that held 26% stake. It provides various IT services at the Indira Gandhi International Airport in New Delhi.

Wipro in a regulatory filing said, "Wipro Ltd has sold 63% of its stake in Wipro Airport IT to Antariksh Softtech as part of divestiture of the subsidiary. DIAL is considering expansion of the airport and procuring more assets under the JV.”

“The parties have mutually agreed to introduce a third party (Antariksh Softtech) into the JV, with reduction of stake by Wipro. Consequent to the sale, Wipro now holds 11% stake in Wipro Airport IT," it said.

Wipro Airport IT will continue to outsource IT services of the airport to Wipro as per the existing arrangement. The consideration received from the sale is Rs 3.15 crore and the deal was completed on April 5, it added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Party Supplies
    Rudra party shop is the eventual caterer to the wide-ranging..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Education Supplies
    About Us: Qikme is a 4 in 1 Software as a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Packaging Tools & Machinery
          Established in 2002, Packman Packaging Pvt Ltd, ISO 9001:2008 certified,..
    Locations looking for expansion Delhi
    Establishment year 2002
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
  • Millennium Path Lab   Millennium Path Lab is India’s Most advanced, fully..
    Locations looking for expansion Maharashtra
    Establishment year 1979
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thane Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities