MUMBAI, June 30 (Reuters) - The consumer care and lighting
division of software services firm Wipro Ltd. <WIPR.BO><WIT.N> is
close to buying a majority stake in Singapore-based consumer
goods maker Unza, two Indian newspapers reported on Saturday. India's Wipro Consumer Care could pick up the stake for
around 10 billion rupees ($245 million), after other Indian
bidders like Dabur India <DABU.BO> and Emami <EMAM.BO> dropped
out, The Times of India and Business Standard said, citing
unnamed sources.
The stake is being offered by Standard Chartered's <STAN.L>
private equity arm and Actis, which jointly own about 58 percent
of Unza, the papers said.
((Reporting by Prashant Mehra; editing by Louise HEavens
Reuters Messaging: [email protected]; +22
6636 9029))
Keywords: WIPRO UNZA/