BSECompany Update4d ago · 16 Oct 2026, 08:30 am
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and para 202.05 read with para 202.06 of the NYSE Listed Company Manual, it is hereby informed that Wipro Limited through its step-down subsidiary - Wipro IT Services, LLC has signed a definitive agreement to acquire 20% shareholding in FLARRE.AI, Inc. on October 15, 2026.
Wipro Ltd · 507685
✦ AI Summary▲ PositiveM&A
Wipro Ltd has signed a definitive agreement to acquire a 20% shareholding in FLARRE.AI, Inc., an agentic AI platform for the insurance sector, through its step-down subsidiary Wipro IT Services, LLC. The acquisition is expected to be completed by October 31, 2026, and the consideration is USD 2,000.
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Wipro Ltd - 507685 - Announcement under Regulation 30 (LODR)-Acquisition
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October 16, 2026
The Manager - Listing
BSE Limited
(BSE: 507685)
The Manager - Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations,
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and para 202.05 read with para 202.06 of the NYSE Listed Company
Manual, it is hereby informed that Wipro Limited through its step-down subsidiary - Wipro IT
Services, LLC has signed a definitive agreement to acquire 20% shareholding in FLARRE.AI,
Inc. on October 15, 2026.
The details as required under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with relevant SEBI circulars are provided in Annexure-1.
This is for your information and records.
Thanking you.
For Wipro Limited
M Sanaulla Khan
Company Secretary
Annexure -1
Details as required under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with relevant SEBI Circulars
Particulars Description
1 Name of the target entity FLARRE.AI, Inc.
Whether the acquisition would fall
within related party transaction(s) and
2 whether the promoter/ promoter group/ No
group companies have any interest in
the entity being acquired?
3 Industry of Target entity AI based products and platforms.
Acquisition objectives and Impact of To enhance our AI capabilities for the global
acquisition insurance sector.
Government or regulatory approval
5 No
required
Indicative time period for completion of The acquisition is expected to be completed by
acquisition October 31, 2026.
7 Nature of consideration Cash
Cost of acquisition and / or the price at
8 USD 2,000
w hich the shares are acquired
9 Percentage of shareholding acquired 20%
FLARRE.AI, Inc. is an agentic AI platform
purpose-built for insurance, and its suite of AI
SDLC agents across different core insurance
platforms, helps carriers accelerate
implementation and deployment across product
launches, expansions, upgrades, and migrations.
Brief background about the entity
acquired in terms of products/line of
The FLARRE.AI, Inc. Insurance Native Agentic
business acquired, date of
Orchestration Platform combined with Insurance
10 incorporation, history of last 3 years
knowledge graph and an Enterprise AI Control
turnover, country in which the acquired
plane, embeds agentic intelligence directly into
entity has presence and any other
underwriting, claims, and other workflows across
significant information (in brief)
the full insurance value chain, to deliver
unprecedented gains for operations teams.
Since the entity is recently incorporated, financial
figures pertaining to previous years are not
available.