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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; kenan.machado@dowjones.com

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Financials ( INR)
Sales 2017 556 513 M
EBIT 2017 89 958 M
Net income 2017 89 463 M
Finance 2017 157 966 M
Yield 2017 2,60%
P/E ratio 2017 13,16
P/E ratio 2018 11,84
EV / Sales 2017 1,85x
EV / Sales 2018 1,61x
Capitalization 1 186 476 M
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Mean consensus HOLD
Number of Analysts 48
Average target price 553  INR
Spread / Average Target 15%
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Managers
NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
B. M. Bhanumurthy President & Chief Operating Officer
Azim Hashim Premji Chairman
Jatin Pravinchandra Dalal Chief Financial Officer
K. R. Sanjiv Chief Technology Officer
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