Wipro clarifies on news regarding acquisition of Infocrossing

With reference to the news item appearing in a leading financial daily titled "Wipro may buy US-based Infocrossing for $500mn" Wipro Ltd has clarified that in line with the Company's strategy for growth, the Company is always in discussions with various Companies and Investment bankers to explore potential acquisitions, alliances and partnerships. If and when any definitive agreements are reached on transaction, the Company will make the appropriate announcements.

Further the Company has informed that, the Company has not given any press release in the context of the said news article.

The stock was trading at Rs.456, down by Rs.14.25 or 3.03%. The stock hit an intraday high of Rs.468 and low of Rs.455.05. The total traded quantity was 200205 compared to 2 week average of 309156.

Source : Equity Bulls

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