Wipro jumps up on entering into strategic partnership with LSEG

Wipro Ltd. | IT - Software | IT & ITES | BSE: 507685 | NSE: WIPRO

10 Jul 2014 Evaluate

Wipro is currently trading at Rs. 543.15, up by 0.05 points or 0.01% from its previous closing of Rs. 543.10 on the BSE.

The scrip opened at Rs. 546.00 and has touched a high and low of Rs. 546.50 and Rs. 540.10 respectively. So far 15278 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. 360.00 on 10-Jul-2013.

Last one week high and low of the scrip stood at Rs. 560.00 and Rs. 540.90 respectively. The current market cap of the company is Rs. 133602.95 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 global Information Technology, Consulting and Business Process Services company has entered into a strategic partnership with London Stock Exchange Group (LSEG) to provide a hosted, end-to-end reconciliation solution using LSEG’s UnaVista platform for the financial services industry. UnaVista is LSEG’s global hosted platform for all matching, and reconciliation needs, helping firms reduce their operational and regulatory risk.

The solution is the first of its kind in the industry that will help financial services firms access an enterprise reconciliation utility without any capital investment. The utility solution will be hosted in London Stock Exchange’s secure and regulated data centres and delivered to customers by leveraging Wipro’s global service delivery capabilities.

Based on the simple ‘pay as you go’ pricing model, this one stop offering encompasses platform and data as well as IT and business operations. It simplifies customers’ existing and future reconciliation requirements by enabling scalability and regulatory compliance and reducing Total Cost of Ownership (TCO). Customers can convert their fixed costs to variable, reduce their TCO by 30-40% and benefit from a scalable, standardized process environment.

Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.

Wipro Share Price

199.85 -0.95 (-0.47%)

05-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2426.75
Infosys	1177.70
HCL Tech.	1200.50
Wipro	199.85
Tech Mahindra	1451.75
View more..

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