Wipro share price: Sharekhan maintains Buy with an unchanged price target of Rs 510
Wipro has entered into an agreement to acquire The Capital Markets Company (Capco), an end-to-end management consulting services and digital transformation solutions provider in the banking and financial services space, in a $1.45 billion all-cash deal. Capco clocked revenues of $700 million in 2020, which would increase Wipro’s BFSI revenue to $3.2 billion from $2.5 billion currently.
Wipro management highlighted that Wipro and Capco share complementary business models, sector alignments and service offering: Zee Business