P&A, IndusLaw act on Wipro $300-million ICICI Bank deal via Vara Infotech

Bar & Bench September 9 2019

Wipro secured a $300-million (Rs 2,156 crore) seven-year deal from leading private sector bank ICICI Bank through Vara Infotech for providing a suite of services.

Vara infotech, a global software solution, and services company providing a comprehensive suite of services catering to the Banking, Financial Services, and Insurance (BFSI) segment, executed a definitive business transfer agreement, for an all cash consideration, to sell its business undertaking to Wipro Limited.

The transaction includes a strategic engagement with ICICI valued at USD . . .

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