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Wipro gains on inking definitive agreement to acquire Viteos Group for $130 million

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

24 Dec 2015 Evaluate

Wipro is currently trading at Rs. 557.15, up by 1.35 points or 0.24% from its previous closing of Rs. 555.80 on the BSE.

The scrip opened at Rs. 555.80 and has touched a high and low of Rs. 559.90 and Rs. 555.00 respectively. So far 15261 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.90 on 11-Mar-2015 and a 52 week low of Rs. 512.55 on 24-Apr-2015.

Last one week high and low of the scrip stood at Rs. 559.20 and Rs. 549.00 respectively. The current market cap of the company is Rs. 137667.57 crore.

The promoters holding in the company stood at 73.36% while Institutions and Non-Institutions held 15.29% and 9.38% respectively.

Wipro, a leading global information technology, consulting and business process services company, has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of $130 million.

Viteos was founded in 2003 and is headquartered in Somerset, New Jersey. The Viteos Group provides customized straight-through-processing and integrates post-trade operations across every asset class, currency, border or structure for the alternative investment management industry in the United States, Europe and Asia. It is a leader in shadow-accounting services and offers a full range of middle and back-office outsourcing through its 400+ employees.

Viteos will retain its identity to leverage its brand in the Buy-Side and expand its offerings into the larger asset management industry with the backing of Wipro’s size and presence. The management team at Viteos will continue with the business and drive the platform based outsourcing business services.

Wipro Share Price

202.95 -1.10 (-0.54%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2522.55
Infosys	1242.60
HCL Tech.	1277.20
Wipro	202.95
Tech Mahindra	1420.40
View more..

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Wipro gains on inking definitive agreement to acquire Viteos Group for $130 million

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