0357 GMT - Indian technology company Wipro plans to acquire the digital transformation solutions unit of Samsung-linked Harman for $375 million but some points on the deal remain unclear, Citi analysts say in a note. The unit is likely to be less profitable than Wipro, they say, noting a lack of growth in the unit over the last three years. Wipro's new multi-year strategic agreement with Harman and Samsung also needs more clarity, they say. Customer concentration of the business also remains unclear, they add. Citi maintains its sell rating on Wipro and target of INR225.00. Shares are 0.2% lower at INR249.39. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
August 21, 2025 23:57 ET (03:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。