Wipro Consumer arm to buy China's FMCG player Zhongshan Ma

Photo: Hemant Mishra/Mint

Wipro Consumer Care and Lighting’s Singapore arm has agreed to buy Zhongshan Ma Er Daily Products Ltd, a Chinese fast-moving consumer goods (FMCG) company, for an undisclosed amount in an all-cash transaction.

Wipro Consumer Care said this would be its second biggest acquisition since it bought Unza Holdings Ltd, a Singapore consumer goods firm, for $246 million in 2007.

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