Thursday, November 1, 2012

WIPRO WILL BE CORE I T COMPANY

It is never too late. Wipro should have done this a decade ago. The I T to consumer care to infra to medical diagnostic company has decided to de-merge its non core I T business into a separate company.  In the exchanges, in the last one decade Wipro's performance has been lackluster. Now the company has decided to de-merge its three non-IT business divisions, including consumer products segment, into a privately-held company to be named Wipro Enterprises Ltd.

The new unlisted firm will include Wipro Consumer Care & Lighting (including furniture business), Wipro Infrastructure Engineering (hydraulics and water businesses) and Medical Diagnostic Product & Services business. The stock today was 3% and closed at Rs 361 at BSE.

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