Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million.
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Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will sell 200 million ordinary shares of Mindsprint, its IT and digital services arm, to Wipro Networks, a unit of Wipro, Olam said in a statement on Monday.
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Source: Reuters | Published: 2026-04-06T04:23:22Z
Credit: Reuters
