Wipro May Buy Citi's Tech Arm
Wipro May Buy Citi's Tech Arm
Financial services major Citigroup has started talks to sell its subsidiary, Citi Technology Services (CTS), formerly called Citos. As per Indiatimes, Wipro is believed to be front-runner for the bank’s captive technology and infrastructure outsourcing arm. The $150 million deal is likely to be announced by the end of third quarter.