WPP says buys majority stake in Indian advertiser
British marketing company WPP said Wednesday that its wholly-owned operating company JWT had agreed to buy a majority stake in Indian advertiser Mindset for an undisclosed sum.
"This investment continues WPP's strategy of developing its networks in fast-growing and important markets and sectors. India... remains one of the fastest growth markets for the group," WPP said in a statement.
Founded in 1998 and based in Hyderabad, southern India, Mindset employs 44 people.
© 2011 AFP