December 10, 2012 / 3:57 AM / 5 years ago

Wipro shares gain on acquisition, order win report

Employees walk in the Wipro campus in Bangalore June 23, 2009.Punit Paranjpe/Files

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

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