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Thursday November 5, 10:40 AM
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Wipro buys Yardley personal care businesses
MUMBAI (Reuters) - Wipro (WIPRO.NS : 622.6 -6.7
), India's No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about $45.5 million, adding to its consumer goods business.
Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East, Australasia and some African markets.
The transaction is expected to be completed by mid-December, it said in a statement.
(Reporting by Prashant Mehra; Editing by Ranjit Gangadharan)
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