Wipro Limited's shares rose 3% after securing a multi-year strategic transformation contract with Olam Group valued at more than $1 billion. The deal includes Wipro acquiring Olam's IT division, Mindsprint. This partnership will enhance Olam's operations across its value chain.
Wipro Limited's share price climbed 3% following the announcement of a major deal with Olam Group. The contract, worth over $1 billion, spans multiple years and focuses on strategic transformation, including AI-driven enhancements. As part of the agreement, Wipro will acquire Mindsprint, Olam's IT division, to support these efforts, as reported by The Economic Times. This move represents a significant expansion for Wipro into the food and agri-business sector, covering operations from farm to fork. The partnership aims to streamline and digitize Olam's entire value chain, bolstering efficiency in its global agri-business operations. Wipro, a leading IT services provider, continues to pursue large-scale deals amid competitive pressures in the industry.
