Wipro's $1.45 bn deal with Capco disappoints Street; here's why
Dalal Street gave a lukewarm response to Wipros buyout worth $1.45 billion (over Rs 10,500 crore), its biggest ever, of London-headquartered Capco as the shares of the firm tanked 4 per cent on the BSE to Rs 421.30 in Fridays trade following the announcement of the deal. Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector. The BFSI segment accounted...
Kawaljeet Saluja Rishit Parikh Financial Services Motilal Oswal Financial Services Dalal Street London Headquartered Capco
Source: business-standard.com