Wipro promoters to sell shares through OFS

Wipro on Monday said its promoters will soon sell shares in the company through the offer for sale (OFS) route.

“The company is now in receipt of letter from Sebi dated April 15, 2013 acceding to company’s request and permitting the promoter and promoter group to divest through the OFS route during the twelve weeks cool off period,” Wipro said in the filing.

The IT major, however, did not disclose the quantity or the probable date of auctioning the shares.