Housing Development Finance Corporation has divested its entire stake in the Bermuda-based Spectramind for Rs 26.4 crore to Wipro.
In a notice to the Bombay Stock Exchange, HDFC said it had completed divestment of its stake in the company.
With the acquisition, Wipro's aggregate holding stands at around 90 per cent. Wipro Technologies, its global IT services division, along with Spectramind would offer integrated solutions for all business process outsourcing needs of clients worldwide.
Spectramind, with its 2700 strong team, addresses the BPO needs of its seven global customers covering over 28 processes.
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