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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Wipro    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 2019 570 B
EBIT 2019 91 799 M
Net income 2019 84 416 M
Finance 2019 212 B
Yield 2019 1,82%
P/E ratio 2019 14,27
P/E ratio 2020 13,07
EV / Sales 2019 1,73x
EV / Sales 2020 1,55x
Capitalization 1 197 B
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Mean consensus HOLD
Number of Analysts 41
Average target price 281  INR
Spread / Average Target 6,0%
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NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
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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