Wipro shares gain on acquisition, order win report
MUMBAI (Reuters) - Wipro Ltd (WIPR.NS), India's No.3 software services provider, gained 1.8 percent in after the company in a statement on Sunday said it would acquire L.D. Waxson Group, a Singapore-based consumer goods company, in an all-cash deal worth about $144 million.
Dealers also attribute gains to reports in the Economic Times newspaper that Wipro has bagged a $200-million (10.9 billion rupees) technology service contract in Europe, citing a person with direct knowledge of the negotiations.
(Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Timeline: Case of Devyani Khobragade, Indian diplomat arrested in New York
- UPDATE 1-U.S. aircraft hit by gunfire in South Sudan
- Domino's outlet attacked in India as U.S. diplomatic dispute simmers
- Clock ticking for Google after EU rejects latest antitrust offer
India said on Saturday that it had transferred Devyani Khobragade, the diplomat at the centre of a row with the U.S., to its U.N. delegation, a move that it hopes will give her protection from prosecution for visa fraud and underpaying a maid. Article | Slideshow