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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Wipro Limited    WIPRO   INE075A01022

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Wipro Limited : Wipro To Buy Australia's Promax Applications For A$35 Million

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04/30/2012 | 04:15pm CEST

India's Wipro Ltd. (507685.BY) Monday said it has agreed to buy Australia's Promax Applications Group for A$35 million ($36.46 million) to help tap the market for analyzing customer data for trade promotions.

"The acquisition of Promax Applications Group will strengthen Wipro's positioning and capability in management, analytics and optimization of trade promotions," K.R. Sanjiv, senior vice president and global head of the analytics and information management division at Wipro, said in a press release.

The deal, subject to closing conditions and regulatory approvals, will be completed in the current quarter, Wipro said.

The new entity will be called Wipro Promax Analytics Solutions Pty Ltd., the company added.

-By Kenan Machado, Dow Jones Newswires; +91 22 6145 6107; [email protected]

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Financials ( INR)
Sales 2018 555 B
EBIT 2018 92 764 M
Net income 2018 86 006 M
Finance 2018 181 B
Yield 2018 2,00%
P/E ratio 2018 16,33
P/E ratio 2019 15,15
EV / Sales 2018 2,26x
EV / Sales 2019 2,03x
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Mean consensus UNDERPERFORM
Number of Analysts 46
Average target price 257  INR
Spread / Average Target -13%
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NameTitle
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Govil Saurabh Co-President & Chief Human Resources Officer
B. M. Bhanumurthy Co-President & Chief Operating Officer
Azim Hasham Premji Executive Chairman & Managing Director
Jatin Pravinchandra Dalal Chief Financial Officer & Senior Vice President
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