Wipro to Acquire Germany's Cellent AG for Rs 518 Crore

The country's third largest software services firm Wipro today said it will acquire German IT consulting firm cellent AG for 73.5 million euros (about Rs 518 crore). The all-cash deal is expected to close in the March 2016 quarter, Wipro said in a filing to the BSE. "Wipro has signed an agreement with Landesbank Baden- Wuerttemberg (LBBW) to acquire cellent AG for 73.5 million euros... The shares are being acquired through Wipro's s...