Wipro, India's third largest software exporter, has strongly denied claims that it is in at an early stage of evaluating sale of part or whole business.
In a statement the company spokesperson said: “The article is baseless and malicious. There is no truth to these unsubstantiated rumours.”
In a letter to its employees, Wipro Chairman Azim Premji has reiterated that he is very much committed to the business and has no intention of exiting. I remain as committed to Wipro as I have ever been. The news article about promoters of Wipro evaluating sale of their holding in the company is baseless and malicious. There is no truth to these unsubstantiated rumors, he said in the letter.
Rumours of Premji, who holds 73 per cent in the company, wanting to sell whole or parts of some business have been doing the rounds. Putting an end to the speculation, Premji is his letter pointed out that over the past 50 years, he has seen Wipro grow from a small regional player in vegetable oils to a global leader in technology. "I continue to be incredibly excited about the potential of the IT industry and Wipro. I see enormous energy within the company to power the success of our clients and therefore the success of Wipro," he said.