Wipro and Warburg amplify talks for Harman India arm
Mumbai: Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-headquartered audio and connected technologies firm Harman in India, said people privy to the discussions.
The deal is expected to value the business at about $500 million (Rs 4,375 crore), they told ET on condition of anonymity. Deutsche Bank is advising Harman, a wholly owned subsidiary of South Korean conglomerate Samsung Electronics, on the proposed transaction.
