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Wipro rises on inking definitive agreement to acquire Appirio for $500 million

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

21 Oct 2016 Evaluate

Wipro is currently trading at Rs. 497.05, up by 1.55 points or 0.31% from its previous closing of Rs. 495.50 on the BSE.

The scrip opened at Rs. 500.70 and has touched a high and low of Rs. 504.30 and Rs. 493.90 respectively. So far 38,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 606.75 on 20-Apr-2016 and a 52 week low of Rs. 470.00 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 504.30 and Rs. 470.10 respectively. The current market cap of the company is Rs. 1,20,835.00 crore.

The promoters holding in the company stood at 73.25%, while Institutions and Non-Institutions held 16.27% and 8.48% respectively.

Wipro, a leading information technology, consulting and business process services company, has signed a definitive agreement to acquire Appirio, a global cloud services company that creates next generation worker and customer experiences for a purchase consideration of $500 million. Wipro’s acquisition of Appirio will create one of the world’s largest cloud transformation practices, a game changer in today’s as-a-service and digital economy. Appirio also brings to Wipro, Topcoder, a leading crowd-sourcing marketplace connecting over a million designers, developers and data scientists around the world with customers.

Appirio headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo has 1250 employees worldwide. Appirio is a trusted partner to some of the world’s leading brands, including Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation.

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.

Wipro Share Price

204.35 0.00 (0.00%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
View more..

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Wipro rises on inking definitive agreement to acquire Appirio for $500 million

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