NSEAcquisition18 Jun 2026 · 18 Jun 2026, 05:24 pm
Acquisition
Wipro Limited · WIPRO
✦ AI Summary▲ Positiveacquisition
Wipro Limited has informed the Exchange about its acquisition of an additional 20% stake in Aggne Global IT Services Private Limited, taking its overall shareholding to 80%. The transaction is expected to be completed by June 30, 2026.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Wipro Limited has informed the Exchange to please refer to the letter dated February 15, 2024, wherein it was informed that Wipro Limited and Wipro IT Services, LLC (step-down subsidiary) had acquired 60% stake in Aggne Global IT Services Private Limited, and Aggne Global Inc., respectively and that the said transaction was completed on February 14, 2024.In continuation to the aforesaid letter, it is hereby informed that Wipro Limited will acquire an additional 20% stake in Aggne Global IT Services Private Limited. The said transaction is expected to be completed by June 30, 2026.
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June 18, 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
Please refer to the letter dated February 15, 2024, wherein it was informed that Wipro Limited
and Wipro IT Services, LLC (step-down subsidiary) had acquired 60% stake in Aggne Global
IT Services Private Limited, and Aggne Global Inc., respectively and that the said transaction
was completed on February 14, 2024.
In continuation to the aforesaid letter, it is hereby informed that Wipro Limited will acquire an
additional 20% stake in Aggne Global IT Services Private Limited. The said transaction is
expected to be completed by June 30, 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
Aggne Global IT Services Private Limited, part of
Aggne Group (Aggne Group comprises of Aggne
1 Name of the target entity
Global IT Services Private Limited, and its affiliate
Aggne Global Inc.).
Whether the acquisition would fall
within related party transaction(s)
and whether the promoter/
2 No
promoter group/ group companies
have any interest in the entity
being acquired?
Information Technology, consulting, and managed
3 Industry of Target entity services for the Property & Casualty Insurance
industry.
This additional stake purchase in Aggne will further
strengthen Wipro’s competitive advantage in the
insurance sector—particularly in driving AI, and IP led
transformations for the Property & Casualty Insurance
Acquisition objectives and Impact
4 (P&C) sector.
of acquisition
With this, Wipro Limited’s shareholding in Aggne
Global IT Services Private Limited, will increase to
80%.
Government or regulatory
5 None
approval required
Indicative time period for The transaction is expected to be completed at the
completion of acquisition latest by June 30, 2026.
7 Nature of consideration Cash
Cost of acquisition and / or the Purchase consideration of USD 2.1 Million
8 price at which the shares are (attributable to Aggne Global IT Services Private
a cquired Limited), subject to customary closing adjustments.
Currently acquiring additional stake of 20% which
takes Wipro Limited’s overall shareholding in Aggne
Percentage of shareholding
9 Global IT Services Private Limited, to 80%. A
acquired
separate disclosure will be made on acquisition of any
further stake.
Brief background about the entity Aggne Group is a fast-growing Insurtech company
acquired in terms of products/line offering a wide range of AI, and Intellectual Property
of business acquired, date of driven services designed to help insurers transform
incorporation, history of last 3 operations, drive new efficiencies, and deliver optimal
years turnover, country in which customer experiences. Aggne Group’s annual
the acquired entity has presence turnover for the last 3 completed years (for the period
and any other significant ended 31 March): USD 18.9 Mn (FY24); USD 24.2 Mn
information (in brief) (FY25) and USD 27.5 Mn (FY26).