Olam Group Ltd SGX:VC2:
PROPOSED SALE OF SHARES IN MINDSPRINT PTE. LTD
WIPRO NETWORKS PTE. AGREES TO BUY 100% OF MINDSPRINT SHARE CAPITAL
OG GROUP TO REALISE ESTIMATED GAIN OF US$310.5 MILLION FROM MINDSPRINT SALE
OG GROUP AWARDS EIGHT-YEAR SERVICES CONTRACT TO WIPRO WITH US$100 MILLION ANNUAL SPEND
ENTERPRISE VALUE OF MINDSPRINT SET AT US$375 MILLION
OG GROUP TO CEASE HOLDING ANY SHARES IN MINDSPRINT AFTER COMPLETION OF TRANSACTION