India’s Wipro this week secured one of its biggest deals ever through an eight-year, more than US$1 billion partnership with Singapore’s Olam Group. Closer to home, a joint venture between Frasers Property and Mitsubishi Estate has emerged as the top bidder for a prime Kallang riverfront site, while latest data from Knight Frank shows Singapore’s real estate investment market delivering a historic first quarter performance.
Wipro bags US$1 billion Olam deal and acquires IT arm Mindsprint
Wipro Limited (NYSE: WIT) has secured one of the largest strategic commitments in its history by signing an eight-year transformation agreement with its Singapore headquarters. Olam Group (SGX: VC2) whose total contract value is expected to exceed US$1 billion, with a committed spend of US$800 million. As part of the arrangement, Wipro will also acquire Olam’s IT and digital services unit, Mindsprint, for US$375 million in an all-cash transaction.
mindprintEstablished in 2007, and employs over 3,200 professionals across India, Singapore, United States, United Kingdom,…
