Wipro gains on acquiring Convergence Acceleration Solutions
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Wipro is currently trading at Rs. 560.45, up by 1.60 points or 0.29% from its previous closing of Rs. 558.85 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 565.60 and Rs. 554.65 respectively. So far 402790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 739.80 on 14-Oct-2021 and a 52 week low of Rs. 412.75 on 13-Apr-2021.
Last one week high and low of the scrip stood at Rs. 593.55 and Rs. 554.65 respectively. The current market cap of the company is Rs. 306453.56 crore.
The promoters holding in the company stood at 73.01%, while Institutions and Non-Institutions held 12.11% and 12.23% respectively.
Wipro has acquired Convergence Acceleration Solutions, LLC (CAS Group), a U.S.-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers.
CAS Group’s deep-rooted client relationships and strong domain expertise, combined with Wipro’s execution capabilities will deliver an end-to-end professional services solution and immediate impact to clients. The joint entity will provide clients with services ranging from strategy development and planning to execution and implementation.
Wipro is a leading global information technology, consulting and business process services company.
