Acquisition

Wipro LimitedWIPRO · Filed with the exchange

Wipro is acquiring an additional 20% stake in Aggne Global IT Services, boosting its total holding to 80%. This deal, valued at USD 2.1 Million, is set to complete by June 30, 2026. The move significantly strengthens Wipro's competitive advantage in the Property & Casualty Insurance sector, enhancing its AI and intellectual property-driven transformation capabilities.

Aggne Group is a fast-growing Insurtech company with an FY26 turnover of USD 27.5 Mn, solidifying Wipro's strategic position in the industry.

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