business / news / / Republic World
Wipro Ltd (WIPRO.NS) shares spiked in early trade today, marking one of the company's largest deal wins in recent years.
Wipro secured an eight-year, AI-driven transformation deal with Olam Group exceeding $1 billion.
KEY POINTS
- Olam Group has committed a minimum of $800 million spend over the contract duration with Wipro.
- Wipro is acquiring Olam’s IT subsidiary Mindsprint for an enterprise value of $375 million.
- Mindsprint will bring 3,200 professionals and proprietary IP to Wipro, enhancing its digital portfolio.
- The Mindsprint acquisition is expected to close by June 2026, becoming a wholly-owned Wipro subsidiary.
COMPANIES
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