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Wipro Peripherals to be revamped today
Bangalore, Aug 31: Wipro ePeripherals Ltd (WeP), the largest employee owned company in the country, would be restructured as a separate legal entity from today, the company announced on Thursday.The erstwhile Peripherals Systems Division of Wipro Infotech has the unique equity structure of 61 per cent being owned collectively by all employees of Wipro ePeripherals, employees of Wipro Ltd and other business associates while 39 per cent is owned by Wipro Ltd. "It is a historic occasion for employees of both Wipro ePeripherals and Wipro Corporation," Wipro Corporation chairman Azim Premji said. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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