Wipro to exit babycare, veg oil business-report
MUMBAI, April 7 |
MUMBAI, April 7 (Reuters) - Indian outsourcer Wipro Ltd (WIPR.BO) has decided to exit its babycare and vegetable oil business, the Business Standard reported on Wednesday, citing company sources.
The two businesses account for less than 3 percent of the revenues of Wipro's consumer care division, which contributes about 8 percent to the company's total revenue, the newspaper said.
It said the move was part of a strategy to focus on the division's personal care segment.
A company spokeswoman declined comment, the paper said. (Writing by Janaki Krishnan)
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