No comments, says Wipro on ADR report

CIOL Bureau
New Update

MUMBAI: Infotech firm Wipro Ltd. refused to comment on a newspaper report

that it has filed documents with the Securities & Exchange Commission (SEC)

for floating an issue of American Depositary Receipts (ADR).


"We have no comments to offer," said Wipro corporate executive vice

president-finance Suresh C Senapaty.

The Business Standard reported on Thursday that Wipro has filed documents

with the SEC for raising between $200-$300 million through an ADR issue in

September this year.

Wipro shares were down Rs 30.15 at Rs 3,140 on the Bombay Stock Exchange in

late morning trade.

(C) Reuters Limited 2000.