The Hindu Business Line : Not in talks to take over Capgemini, says Wipro

Wipro Ltd today revealed to the stock exchanges that it is not in any discussion to take over Capgemini, as has been speculated in parts of the media.

It says that a request from the French securities regulatory authority, the AMF, triggered the statement. Capgemini is a France-based provider of IT and consulting services with about 7.7 billion Euros in 2006 revenues and with nearly 82,000 people as at September 2007.

The statement says, “Wipro Ltd, on behalf of all companies in the Wipro group, including Wipro Technologies, its global IT services Division, at the request of the French securities regulatory authority, Autorite des marches financiers (AMF) confirm that they have not recently been, and are not in discussions with… or in relation to Capgemini, the French Euronext listed group, on (the) merger (or) takeover of Capgemini."

No member of the top management was available for comment, citing the silence period before Wipro’s quarterly results due out on January 18. Asked why the company had a release during the silent period, a spokesperson told Business Line, “Since Capgemini is listed in France and we received a request to clarify from the regulatory authority there, we had to respond. Simultaneously, we had to disclose the same to the Indian stock exchanges, as well.”

More Stories on : Mergers & Acquisitions | Software | Wipro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Infosys BPO eyes 3 large deals

1,000 trained rural graduates to soon join BPO companies

Improved pricing, productivity lift TCS

TCS cushion against rupee rise at $3.1 b

Infotech’s Q3 profit at Rs 20 cr

TCS Q3 numbers just meet expectations

NTrust Info to enter European market

Huawei support to MTNL network

Finance Minister Web site launched

Not in talks to take over Capgemini, says Wipro

BSNL may not go in for IPO, after all

New Symantec India head

HCL’s two low-cost laptops to be available from Jan 26

Upgraded Telelogic product