Friday, February 5, 2010
Wipro on Buying Spree?
It seems clear that Wipro is attempting to expand its global operations by means of takeovers. Wipro Consumer Care and Lighting, a division of business process outsourcing firm Wipro Ltd., is pursuing Nigerian skin care company Tura International. Tura began as a division of The Lornamead Group. Wipro is already buying Lornamead from Yardley. As both Yardley and Tura are owned by the same promoter, the financial transactions could be bundled together. Wipro was due to close the Yardley deal by December, but it isn't clear if the transaction has processed.
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1 comments:
Informative post. This could mean a greater volume of opportunities and markets for Wipro while at the same time this means greater reach for employment opportunities as well. Cheers!
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