CEO Srinivas Pallia sold all his Wipro shares before taking charge
ETtech.com -

A month and half before being appointed as the new chief executive at Wipro, Srinivas Pallia, who has been with the company for over three decades, sold all his shares worth Rs 5 crore in it in the public market.Pallia disposed of his 1,00,000 Wipro shares through “market sale” on February 14 this year and the transaction was reported to the exchange on February 15. The total value of the transaction was Rs 5,05,12,640. As per information on the BSE, securities currently held by Pallia post...

In related news

  • New Wipro CEO Srinivas Pallia reveals his five point plan to revive company’s growth

    New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
  • Onsemi (NASDAQ:ON) Shares Sold by Financial Perspectives Inc

    Financial Perspectives Inc reduced its position in Onsemi (NASDAQ:ON – Free Report) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240 shares of the semiconductor company’s stock after selling 410 shares during the period. Financial Perspectives Inc’s holdings in Onsemi […]
  • Nordstrom CEO, President Aim to Take Company Private

    Nordstrom’s CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release. The […]