Wipro To Acquire L.D. Waxsons For $144M
Wipro Ltd (NYSE: WIT) announced its plans to acquire a 100% stake in Singapore firm L.D. Waxsons Group for $144 million in cash.
In the 12 months ended March 31, L.D. Waxsons posted sales of $68 million.
Wipro shares closed at $8.54 on Friday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.