Great time for Indian Software Industry
Azim Premji-led Wipro Ltd [Get Quote] on Friday said
it will acquire 100 per cent stake in Singapore-based
Unza Holdings Ltd in an all cash deal worth Rs 1,010.2
crore (Rs 10.102 billion or $246 million).
Wipro has entered into definitive agreement for acquisition
of 100 per cent stake in Unza Holding, a Fast Moving
Consumer Goods company with revenues of Rs 623.3 crore
(Rs 6.233 billion) in the year ended April 30, the company
said in a communique to the Bombay Stock Exchange.
The transaction is expected to be closed by July end,
the company said.
Unza is South East Asia's leading manufacturer and
marketer of personal care products with operations in
over 40 countries. It markets a wide portfolio of personal
care brands, such as Enchanteur, Safi, Romano and Izzi
and two detergent brands -- Vigor and Maxkleen.
` Unza has manufacturing plants in Malaysia, Vietnam,
China and Indonesia.
| Outsourcing
Partners at Kochi |
Software Companies Trivandrum |
Cost Advantage |
| Start
Business in Kerala |
Software Companies Kochi | Kerala's
IT Policy|
|
Technology Focus | |
