UPDATE 3-Capgemini shares gain after report Wipro to bid

(Adds Capgemini reaction)

MUMBAI/PARIS, Dec 24 (Reuters) - Capgemini (CAPP.PA: Quote, Profile, Research, Stock Buzz) shares rose on Monday after a newspaper said Wipro Ltd (WIPR.BO: Quote, Profile, Research, Stock Buzz) (WIT.N: Quote, Profile, Research, Stock Buzz), India's third-biggest software exporter, was expected to bid for the French computer consultancy firm.

The Hindustan Times said Wipro was expected to bid for Capgemini by the end of January, citing unnamed sources.

Capgemini shares were the top gainers on France's benchmark CAC-40 index .FCHI, rising as much as 10 percent to an intraday high of 45.00 euros -- its highest level since early November.

"For several weeks, there have been rumours that this or that Indian firm would want to bid for our company," a Capgemini spokeswoman said, quoting a board member.

"There are no talks going on of any kind with the Indian group being mentioned and we repeat our conviction that any hostile bid in the IT-sector is doomed to fail," she added.

The paper said Wipro's bid for Europe's largest computer consultancy could be close to 48 euros per share. The stock closed at 45 euros in Paris on Monday valuing the company at some 6.5 billion euros ($9.3 billion).

Citigroup (C.N: Quote, Profile, Research, Stock Buzz) and HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) have been in discussions to finalise a plan before the year-end holidays, the paper said, citing investment banking sources.

"Details about leveraged buyout financing and other options were discussed," it quoted a banker close to the deal as saying.