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Monday, June 16, 2008

Wipro buys Motorola stake in JV WMNetServ

Wipro Technologies, a division of Wipro Limited has according to this report http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=40051 bought out JV partner Motorola's stake in WMNetServ.

Capital Markets have shown interest in the development. It is expected that, the bourses will attach only as much significance as is proportional to the size and impact of the transaction.

While the news article claimed that "The stake held by Wipro was also not disclosed", the same however is in public domain.

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