Olam Group (SGX:VC2) completed the sale of its 100% stake in digital services business Mindsprint to Indian IT firm Wipro (NSE:WIPRO, BOM:507685) for $386 million, according to a Friday filing with the Singapore Exchange.
Shares of the agribusiness company were down over 3% in Singapore, while shares of Wipro rose nearly 1% in India on Monday.
The sale is part of the company's reorganization plan, which includes the divestment of assets and businesses over time.
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