IT major Wipro today announced that it will sell its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. In a regulatory filing Wipro said, "As part of the recently announced acquisition of Ensono by KKR, Wipro has sold its entire stake in Ensono Holdings, LLC for a consideration of $76.24 million. As part of this agreement, Wipro had made a strategic investment of $ 55 million for a 10.2% stake in Ensono’s combined entity, Ensono Holdings, LLC. Wipro will unlock value by transitioning eight data centers, and over 900 employees of its hosted data center services business to Ensono. Beyond a growing geographic footprint and data center presence, Ensono will manage over 260K MIPS and over 30K hosted servers.

Source: Mint May 30, 2021 18:26 UTC