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Wipro invests $45 mn for Yardley retail business

Wipro Consumer Care and Lighting, the FMCG arm of the IT bellwether, Thursday announced the acquisition of Yardley personal care business in Asia, Middle East, Australasia and some African markets from the British based Lornamead group for $45.5 million (Rs. 214 crore)

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Wipro Consumer Care and Lighting, the FMCG arm of the IT bellwether, Thursday announced the acquisition of Yardley personal care business in Asia, Middle East, Australasia and some African markets from the British based Lornamead group for $45.5 million (Rs. 214 crore).

"The acquisition of Yardley business is on run-rate basis of $24 million for this fiscal (FY 2010)," the company said in a regulatory filing.

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