Advertising and marketing company WPP (WPP.L) has acquired a majority stake in Indian advertising agency Mindset Advertising Private.

The deal - made through global advertising network JWT - is the latest in a series of acquisitions by WPP in emerging markets.

The Hyderabad-based company was founded in 1998 and reported unaudited revenues of Rs 51 million (£716,825) for the year to 31 March 2011.

The acquisition of Mindset is part of WPP's strategy of branching out in 'fast-growing and important markets and sectors'.

According to WPP, India is one of the group's fastest growing markets generating revenues of approximately $450 million (£281 million).

In recent months the group has acquired stakes in Brazilian companies F.Biz and Gringo and Who Digital in Vietnam.

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