Bangalore: Wipro Limited has acquired the entire equity holding, owned by Housing
Development Finance Corporation Limited (HDFC) in Wipro Spectramind Services Private
Limited for an aggregate consideration of Rs 264 million ($ 5.5 million), according
to an official release on January 3.
Wipro acquired from HDFC equity shares representing 8 per cent of the outstanding
equity shares of Wipro Spectramind Services Private Limited, the release said.
These equity shares represent approximately 6 per cent of the equity of Wipro
Spectramind Services Private Limited on a fully diluted basis, the release added.