$Olam Group(VC2.SI)$ Olam Grou

Olam Group is selling its IT services unit Mindsprint to Wipro for US$375 million, as part of its ongoing re-organisation bid.

Upon completion of the sale, Olam will recognise a gain of around US$310.5 million.

As part of the deal, Wipro will provide an eight-year service contract to Olam with a "committed annual spend" of US$100 million

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":550571797370152,"tweetId":"550571797370152","gmtCreate":1775438155534,"gmtModify":1775438159836,"author":{"id":4145577437639082,"idStr":"4145577437639082","authorId":4145577437639082,"authorIdStr":"4145577437639082","name":"Star in the Sky","avatar":"https://community-static.tradeup.com/news/37e252252b1b80ac71983f2ee5cfe8fb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.01","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":266,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/VC2.SI\">$Olam Group(VC2.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\nOlam Group is selling its IT services unit Mindsprint to Wipro for US$375 million, as part of its ongoing re-organisation bid.\nUpon completion of the sale, Olam will recognise a gain of around US$310.5 million.\nAs part of the deal, Wipro will provide an eight-year service contract to Olam with a \"committed annual spend\" of US$100 million</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/VC2.SI\">$Olam Group(VC2.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\nOlam Group is selling its IT services unit Mindsprint to Wipro for US$375 million, as part of its ongoing re-organisation bid.\nUpon completion of the sale, Olam will recognise a gain of around US$310.5 million.\nAs part of the deal, Wipro will provide an eight-year service contract to Olam with a \"committed annual spend\" of US$100 million</body></html>","text":"$Olam Group(VC2.SI)$ Olam Group is selling its IT services unit Mindsprint to Wipro for US$375 million, as part of its ongoing re-organisation bid. Upon completion of the sale, Olam will recognise a gain of around US$310.5 million. As part of the deal, Wipro will provide an eight-year service contract to Olam with a \"committed annual spend\" of US$100 million","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/550571797370152","repostId":0,"isVote":1,"tweetType":1,"viewCount":230,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["VC2.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":302,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/550571797370152"}