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Wipro gets nod to merge its wholly-owned subsidiaries with itself

19 Apr 2013 Evaluate

Wipro has received an approval for merger of Wipro Energy IT Services India and Wipro Technologies Services with itself. The board of company at its meeting held on April 19, 2013 has approved for the same. Wipro Energy IT Services India and Wipro Technologies Services is wholly-owned subsidiary of Wipro. The above is however subject to approval of shareholders, creditors, High Courts and other regulatory approvals.

Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally.

Wipro Share Price

204.35 -5.85 (-2.78%)
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Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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