Breaking News

You are here » Indian-Commodity  :  Corporate  :  Wipro divests 'Sunflower' brand Vanaspati to Cargill


Wipro divests 'Sunflower' brand Vanaspati to Cargill

Wipro and Cargill have signed an agreement wherein Cargill will acquire Wipro's Vanaspati brand 'Sunflower'. The scope of the acquisition is limited to the product brand only. The Sunflower Vanaspati business was about 1% of total Wipro Consumer Care and Lighting revenue. Acquiring Sunflower Vanaspati underscores Cargill's long-term commitment to growing its consumer food business in India.

Wipro has identified its core market segments to be Personal Care, Skin Care, Wellness and Lighting and in line with its strategy the company divested the Sunflower Vanaspati business.

Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation etc. It also has a strong presence in niche market segments of Infrastructure Engineering and Consumer Products & Lighting.

Related News

View all news

Indo Thai Securities to commence operations in new corporate office

Indo Thai Securities' proposed Registered & Corporate Office located at “2nd Floor, Plot Nos. 169A-170-171, PU-4, Scheme No. 54, Indore, Madhya Pradesh” is ready for operations and inauguration......

CARE revises ratings of Essar Oil's bank facilities

Credit rating agency, CARE has revised rating of Essar Oil's long term bank facilities worth Rs 9077.58 crore to 'A' from 'A-'. The rating agency has also revised rating of company's short term bank facilities......

PTC India inks MoU with South Delhi Municipal Corporation

PTC India has inked Memorandum of Understanding (MoU) with South Delhi Municipal Corporation for adoption of part of Bhikaji Cama Place under its 'Swachh Bharat Abhiyan'. As per the MOU, the company will......

Top News

View all news

Lupin, Tata Steel, Cipla and NBCC to see some action today

Lupin Pharmaceuticals, a subsidiary of Lupin, has launched its Duloxetine 40 mg Delayed-Release (DR) Capsule, which is the first and only generic Duloxetine formulation to become available in 40 mg dosage......

Near-term growth prospects remain favourable in India: IMF

International Monetary Fund (IMF) in its report 'Global prospects and policy challenges', meant for the G20 meeting of finance ministers in Ankara has stated that near-term growth prospects remain favourable......

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......