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News about Wipro Limited

August 7th, 2007

The media had reports that Wipro Ltd may buy US based Infocrossing for $500 million.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Wipro Ltd has vide its letter inter-alia stated,”In line with our strategy for growth, we are always in discussions with various companies and investment bankers to explore potential acquisitions, alliances and partnerships. If and when any definitive agreements are reached on any transaction, we will make the appropriate announcements.”

Entry Filed under: Equity Markets, IT & ITes, NSE