Wipro stated that the additional stake purchase will strengthen its position in the insurance technology segment, particularly in AI and IP-led transformations for the Property & Casualty (P&C) insurance sector.
Post-acquisition, Wipro’s holding in Aggne Global IT Services Private Ltd will rise to 80%. The transaction involves a cash consideration of $2.1 million, subject to customary closing adjustments. No government or regulatory approvals are required for the deal.
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Earlier this month, Wipro said its step-down subsidiary, Wipro IT Services, LLC, will acquire an additional 20% stake in Aggne Global Inc for $28.5 million. The transaction is expected to be completed by June 5, 2026.
Wipro said the acquisition consideration is payable in cash and is subject to customary closing adjustments. The company had earlier informed on February 15, 2024, that Wipro Ltd and Wipro IT Services, LLC had acquired a 60% stake in Aggne Global IT Services Private Limited and Aggne Global Inc., respectively, with the transaction completed on February 14, 2024.
Aggne Global Inc., part of Aggne Group, operates in information technology, consulting and managed services for the Property and Casualty Insurance industry.
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Aggne Group provides AI and intellectual property-driven services aimed at helping insurers transform operations, improve efficiencies and customer experience. Aggne Group reported annual turnover of $18.9 million in FY24, $24.2 million in FY25 and $27.5 million in FY26.
Shares of Wipro Ltd ended at ₹182.80, down by ₹1.65, or 0.89%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jun 18, 2026 6:18 PM IST
