Wipro to acquire Citigroup’s Indian IT subsidiary

Wipro to acquire Citigroup’s Indian IT subsidiary

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BANGALORE - India’s second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal.

As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services [...]

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