Resolved·3 months ago
StocksWipro Acquires Mindsprint and Secures $1B Strategic Deal with Olam Group
Wipro signed an agreement to acquire 100% of Mindsprint for $375 million, as part of a strategic partnership with Olam Group valued at over $1 billion. The deal is expected to close by June 30, 2026, pending necessary approvals in Saudi Arabia and Australia. However, Wipro's stock fell by 3% after issuing a weak revenue outlook for the upcoming quarter, indicating client caution, particularly in banking and financial services sectors.
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