Profit

Wipro Acquires 26% Stake In This IT Consulting Firm

The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing.

 Share
EMAIL
PRINT
COMMENTS
Wipro Acquires 26% Stake In This IT Consulting Firm

Wipro now holds 26.1 per cent share in Drivestream (on a fully diluted basis).


New Delhi: The country's third largest software services firm Wipro has invested $809,690 (about Rs 5.12 crore) in management and IT consulting firm Drivestream.

The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing.

Wipro now holds 26.1 per cent share in Drivestream (on a fully diluted basis), it added.

Established in 2001, Drivestream is privately held and has a workforce of around 73 employees in the US.

Its revenue stood at $20.5 million in 2016.

 



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top