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CEO Delaporte said Wipro is not destabilised by these decisions because “we have the pipeline”

The FMCG company added that 75 percent of the equity shareholding will be acquired upfront and the balance 25 percent shareholding will be acquired within the next three years

Nippon bought 3.3 lakh shares or 1.01 percent stake in Gillette India at an average price of Rs 6,755

While retail inflation accelerated to a four-month high of 5.69 percent in December, industrial growth slumped to 2.4 percent in November – the lowest in eight months.

Key focus on execution and order inflow for continued segment growth

The FMCG company added that 75 percent of the equity shareholding will be acquired upfront and the balance 25 percent shareholding will be acquired within the next three years.

Headline retail inflation has now spent 51 consecutive months above the Reserve Bank of India#39;s medium-term target of 4 percent.

In April-November 2023, India#39;s industry – as measured by the Index of Industrial Production – grew by 6.4 percent as against 5.6 percent in the first eight months of 2022-23.

The stock jumped 3.89 per cent to settle at Rs 3,881.70 on the BSE. During the day, it climbed 4.53 per cent to Rs 3,905.75.

CEO Delaporte said Wipro is not destabilised by these decisions because “we have the pipeline”