Wipro agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million; shares rose as much as 3.2% on Monday. The acquisition represents a strategic M&A move in the IT services space and is likely supportive of near-term investor sentiment for Wipro.
Wipro agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million; shares rose as much as 3.2% on Monday. The acquisition represents a strategic M&A move in the IT services space and is likely supportive of near-term investor sentiment for Wipro.
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moderately positive
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0.55
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