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Wipro Limited shares climbed 1.84 per cent to ₹198.49 at the NSE on Monday morning.
Wipro announced an 8-year, $1 billion+ strategic deal with Singapore-based Olam Group.
KEY POINTS
- Wipro will acquire Mindsprint, Olam's IT arm, making it a wholly owned subsidiary by June 2026.
- Mindsprint brings platforms like Farmsprint, Procuresprint, and Tradesprint for agriculture and trading.
- Wipro will implement its AI-powered suite across Olam’s entire farm-to-fork value chain.
- Despite the deal, Wipro shares are down 25.72% year-to-date, underperforming the Nifty 50 index.
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