May 9 (Reuters) - Wipro Ltd, India's third-largest
software services provider, said the country's capital markets
regulator had approved its proposal to meet minimum public
shareholding rules through a transfer of shares by its founder
group to an independent trust.
The Securities and Exchange Board of India has made it
mandatory for listed companies to have at least 25 percent
public shareholding by June.
As of the end of March, Wipro's founder group held a stake
of about 78 percent in the company.