Upsurge in the shares of Wipro with Ampion acquisition

Wipro shares went up by approximately one percent at the beginning of the day on April 1, 2021. The action of the announcement made by the company to acquire Ampion resulted in the rise of the shares.

It is a top Australian cybersecurity provider. The company formation took place with a merger between an IT service company and a digital IT security company. The companies were Revolution IT and Schelde Revolution IT.

As per the reports, the company with its acquisition firm will provide contributed services backed by consulting services, and DevOps. Furthermore, it will enable to assess of the market and trends with spontaneity along with customer demands.

Moreover, the decision of acquisition will build up the bond between the clients and stakeholders internationally.

Additionally, the CEO of Wipro welcomed the company and stated regarding credibility and its performance in the region.

Besides, the action will enhance the market of Wipro in the Asian market and leads towards its growth.

In addition, the meeting will take place on April 15 to review the entire financial results and condensed financials.

The share price of Wipro on 1000 hours was Rs 419.55 with an intraday high of Rs 422.85. The intraday low was Rs 415.85.

Also, the acquisition may close at the end of June.

Furthermore, the latest operating plan of Wipro targets international investments, to understand the needs of the customers and localization. They will also focus on scaling and localizing their activities.

Wipro stands in a strong position in the Australian market as well. Its modified technological solutions in the region a famous in the region.


Check all the recent news updates and share market updates

Get 90% Discount on Brokerage Now! Open Demat Account