Wipro gains with its unit inking definitive agreement to acquire Cooper

05 Oct 2017

Wipro is currently trading at Rs. 284.20, up by 1.10 points or 0.39% from its previous closing of Rs. 283.10 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 284.70 and Rs. 282.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 303.55 on 11-Sep-2017 and a 52 week low of Rs. 205.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 287.75 and Rs. 280.00 respectively. The current market cap of the company is Rs. 1,38,311.00 crore.

The promoters holding in the company stood at 73.18%, while Institutions and Non-Institutions held 16.77% and 7.99% respectively.

Wipro Digital, digital business unit of Wipro, has signed a definitive agreement to acquire Cooper, an award-winning design and business strategy consultancy. Cooper will become part of Designit, Wipro Digital’s strategic design arm, further strengthening its design and innovation capabilities, expanding its reach in North America and adding capabilities in professional design education. The acquisition is subject to customary closing conditions and is expected to be closed in the third quarter of fiscal 2017-18.

Headquartered in San Francisco, Cooper has been a leading brand in interaction design, UX and professional design education for more than 25 years.

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.



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