Wipro shares jumped 1.34 per cent to Rs 396.50 on the BSE today as the shareholders have approved the company’s plans to hive off non-IT business into an unlisted arm.
“The shareholders at the court convened meeting held on December 28, 2012, have approved the scheme of arrangement between Wipro Ltd (demerged company), Azim Premji Custodial Services Pvt Ltd (resulting company) and Wipro Trademarks Holding Ltd (trademark company),” the company said in a filing to the BSE.