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Wipro shares gain on acquisition, order win report

Source : REUTERS
Last Updated: Mon, Dec 10, 2012 04:10 hrs

MUMBAI (Reuters) - Wipro Ltd , 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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