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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 CET

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; kenan.machado@dowjones.com

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Financials ( INR)
Sales 2017 554 630 M
EBIT 2017 94 099 M
Net income 2017 86 992 M
Finance 2017 145 011 M
Yield 2017 2,62%
P/E ratio 2017 13,05
P/E ratio 2018 11,83
EV / Sales 2017 1,79x
EV / Sales 2018 1,57x
Capitalization 1 137 589 M
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Mean consensus HOLD
Number of Analysts 47
Average target price 525  INR
Spread / Average Target 14%
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NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
B. M. Bhanumurthy President & Chief Operating Officer
Azim Hasham Premji Chairman
Jatin Pravinchandra Dalal Chief Financial Officer
K. R. Sanjiv Chief Technology Officer
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