Target Denies India Sale Rumors - TheStreet

Target Denies India Sale Rumors

Target denies rumors that it will sell its Target India operations.
Publish date:



) --


(TGT) - Get Report

is denying rumors that its India business is up for sale.

"The company emphatically refutes the irresponsible rumor that it is engaged in any discussions, or has any plans, to sell its Target India operations," Target said in a statement.

Rumors claimed Target intended to sell its India operations to

Wipro Technologies

, a Bangalore IT firm. This is the second time in three months Target and Wipro have had to deny these rumors.

Target India employs about 2,100 people.

-- Reported by Jeanine Poggi in New York.

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