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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Wipro_Secretarial_18062026172404_Reg30SEIntimation.pdf

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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).