Wipro on Wednesday announced a seven-year deal with ICICI Bank for a total contract value of $300 million. The deal is expected to start delivering revenues from this month itself. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara lnfotech along with its existing contracts, facilities and assets.
“We see this deal to be similar to the people takeover deals that have gained prominence in the sector over the recent years. It provides revenue visibility of 0.2 per cent of Wipro’s FY20E revenues and 0.4 per cent bps on annualised basis,” said Emkay global in a note to investors.
هذه القصة مأخوذة من طبعة September 06, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 06, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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