The company said the solution centre has all capabilities including leading edge build technology, post-processing, research, characterisation and validation facilities.
Cognizant said it would return $3.4 billion in capital to shareholders via buybacks and dividends.
The delisting is subject to approval from Euronext Paris and Euronext London .
The transaction is expected to close in the second quarter of 2018, subject to regulatory reviews and closing conditions.
The hedge fund’s stake in Wipro is unlikely to be part of an activist strategy as with Cognizant.
India’s largest IT company gets over 22% of its overall revenue from digital — a number that will be well over $3 billion in the 2018 financial year.
The innovation fund was a key pillar of former Infosys CEO Vishal Sikka’s plans to transform the company. But its investments were not always successful.
Equity analysts are also attempting to parse the impact of tax reform, saying more clarity would come when the companies report their fourth-quarter results.
The Infosys report surveyed 1,000 senior IT and business decision-makers in companies across seven countries. Over half the companies assessed had already invested in deep-learning AI algorithms.
Chris Barbin, in his new role as Global Culture Officer at Wipro, said he will be working with a dedicated team to evolve and advance the worker experience at Wipro.
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