Wipro bags $1 billion contract from Singapore’s Olam Group, to acquire arm Mindsprint

Bengaluru: Wipro Ltd has bagged a $1 billion, eight-year contract from Singapore-based food processing major Olam Group, marking its first mega deal in nearly six years.

As part of a broader engagement, the country’s fourth-largest information technology (IT) services firm will acquire Mindsprint, Olam’s IT arm, for $375 million in an all-cash deal, it said in a release to the stock exchanges on Monday.