Business magnate Azim Premji makes a significant splash with a whopping Rs 3.397 billion deal to acquire [company], potentially shaking up the market and posing a challenge to the likes of Ratan Tata’s TCS and Narayana Murthy’s Infosys.

Azim Premji, the chairman of Wipro, has made a significant move in the Indian IT industry by signing a Rs 3,397 crore deal to acquire a majority stake in a leading IT firm, posing a big challenge to Ratan Tata’s TCS and Narayana Murthy’s Infosys. The deal is expected to create a major player in the Indian IT industry, with a combined market capitalization of over Rs 60,000 crore. The acquisition is seen as a bold move by Premji to further consolidate Wipro’s position in the domestic IT market and expand its global presence. The deal is also expected to create new opportunities for Wipro’s employees and shareholders, and is likely to have a significant impact on the overall IT landscape in India. This acquisition is a major tremor in the Indian IT sector, and has sent shockwaves across the industry, with many analysts predicting that it will have far-reaching consequences for other major IT players, including TCS and Infosys.