Wipro gains on entering into strategic relationship with First Data Corporation

17 Jun 2014

Wipro is currently trading at Rs. 540.60, up by 5.20 points or 0.97% from its previous closing of Rs. 535.40 on the BSE.

The scrip opened at Rs. 537.00 and has touched a high and low of Rs. 542.00 and Rs. 537.00 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 610.50 on 26-Feb-2014 and a 52 week low of Rs. 331.70 on 24-Jun-2013.

Last one week high and low of the scrip stood at Rs. 542.00 and Rs. 522.70 respectively. The current market cap of the company is Rs. 1,33,193.00 crore.

The promoters holding in the company stood at 73.47% while Institutions and Non-Institutions held 13.62% and 10.97% respectively.

Wipro, a leading information technology, consulting and outsourcing company, has entered into strategic relationship with First Data Corporation, the global leader in payment technology and services solutions, whereby the company will provide development, implementation and testing services on First Data’s VisionPLUS and AccessPLUS suite of software solutions. This agreement is part of First Data’s new developer license initiative, providing improved support to clients around the globe.

Under the agreement, Wipro will be a systems implementation provider, offering installation, implementation, BAU support, development and testing services to the VisionPLUS and AccessPLUS solutions.

VisionPLUS is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well as consumer loans, loyalty and merchant accounts on a single platform. AccessPLUS, offered with VisionPLUS, is a suite of business process management solutions that drives operational staff efficiency in servicing customers and supports portfolio parameter management.

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