Wipro’s Big Bold Move, Isn’t It Too Early? Prabhudas Lilladher
Employees walk in the forecourt of a Wipro building at the Wipro Ltd. campus located in the Sarjapura area of Bangalore, India. (Photographer: Vivek Prakash/Bloomberg)

Wipro’s Big Bold Move, Isn’t It Too Early? Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Wipro Ltd. announced acquisition of Capco, a global management and technology consulting firm in banking financial services and insurance industry for $1.45 billion, valued at two times enterprise value/sales.

The transaction is likely to close by Q1 FY22.

The company paid approximately 70-75% higher versus the previous transaction (FIS Global sold down 60% stake in Capco to a private equity guy in 2017 valuing the firm at $800 million), we believe this might be on account of margins improving in Capco.

Click on the attachment to read the full report:

Prabhudas Lilladher Wipro Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.