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Wipro has concluded the USD 70 million sale of its EcoEnergy division.
The company had said in November last year that it will sell its EcoEnergy division to Chubb Alba Control Systems for USD 70 million in order to sharpen focus on core IT business.
It has said in a BSE filing, “Wipro has completed the sale of its EcoEnergy division on March 1, 2017. The impact of sale of EcoEnergy division is expected to reflect in the financials of Wipro for the quarter and year ending March 31, 2017.”
