Stock to Watch: Wipro announces Launching of Innovation Centre in London

Wipro Limited, a leading global IT, consulting and business process Services Company, on Tuesday, announced the setting up of an Innovation Centre in Holborn, London.

According to the company, it will invest 16 million over the next four years in the 20,000 sq.ft. Innovation Centre will serve as Wipro's flagship centre in the U.K and offer technical expertise to companies globally. It will be integral to providing advanced digital, cybersecurity and cloud expertise to both established and upcoming enterprises, taking the lead on digital transformation in one of Europe's biggest technology markets.

UK Prime Minister Boris Johnson said, "Trade and investment between the UK and India is creating good jobs and sustaining livelihoods in both of our countries. I'm very pleased that Wipro has decided to join the legions of Indian companies investing in the UK, boosting our technology sector and driving economic growth."

UK Minister for Investment Gerry Grimstone said, "The UK is an important global base for digital business solutions and London continues to be a leading hub for both business and tech innovation. It's great to see Wipro taking advantage of this and open their Innovation Centre in London - a further commitment to their 25 years in the UK and a boost for the vibrant and growing tech scene that will support our economic recovery."
Shares of WIPRO was last closed (Tuesday) in the NSE at Rs.482.70 as compared to the previous close of Rs. 487.35. The stock will be expected to react in today’s trading session based on the latest development of the Company.

 

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