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Wipro completes transaction to absorb employees of Vara Infotech

03 Oct 2019 Evaluate

Wipro has completed the transaction under which it was to absorb certain employees of Vara InfoTech as part of its $300 million (about Rs 2,100 crore) deal with ICICI Bank.

In September, Wipro had said it had secured a strategic seven-year engagement, valued at $300 million, from ICICI Bank to provide a comprehensive suite of services.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

Peers
Company Name CMP
TCS 2216.50
Infosys 1031.55
HCL Technologies 1196.80
Wipro 166.15
Tech Mahindra 1518.60
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