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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.

Peers
Company Name CMP
TCS 2084.00
Infosys 992.10
HCL Technologies 1183.80
Wipro 159.40
Tech Mahindra 1489.10
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