Wipro opens gap up on winning mega deal with Alight

Wipro Limited has won a deal involving 10-year engagement to provide a comprehensive suite of solutions and services to US-based company Alight Solutions LLC. Alight is a leader in technology-enabled health, wealth, HR and finance solutions.

Till date, this is Wipro’s largest deal which will result in revenues of US$ 1.5-1.6 billion for the company over the full tenure, the company said in an exchange filing on Sunday.

This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions. Also, it would enhance the employee experience of Alight’s clients by utilising Wipro’s expertise in digital technologies, cognitive automation and data analytics.

Alight Solutions is a leading provider of benefits administration and cloud-based HR and financial solutions. It has 12 global centres managing consumer experience for the clients.

On Friday, the stock of Wipro Ltd. had closed at Rs. 301.65 per share on BSE. On Monday, it opened gap-up at Rs. 328 per share, thereby surging by 8.7 percent. The intra-day high and intra-day low were at Rs. 328 and Rs. 314.40, respectively, during the morning session.