Wipro's fast-moving consumer goods (FMCG) arm -- Wipro Consumer Care & Lighting -- has reportedly entered into agreement to buy 100% stake in Zhongshan Ma Er Daily Products to boost its presence in the fast-growing toiletries and liquid detergent space in south China.
The deal is likely to get regulatory approvals by the end of October. This will be the company’s second largest acquisition after Unza Holdings, which it acquired back in 2007 for $246 million.
Wipro is engaged in providing information technology solutions. It offers solutions for systems integration, information systems outsourcing, package implementation, system integration, network integration, software solutions and information technology services, software application development and maintenance and research and development services to corporations globally.
