Wipro Ltd

Wipro Expands Stake in Insurtech Leader Aggne Global 💼💰

- Wipro IT Services, LLC will acquire an additional 20% stake in Aggne Global Inc.

- Purchase consideration: USD 28.5 million (subject to adjustments).

- Post-acquisition, Wipro's stake in Aggne will rise to 80%.

- Aggne’s annual turnover: USD 18.9M (FY24), USD 24.2M (FY25), USD 27.5M (FY26).

- Deal expected to close by June 5, 2026.

- Focus: Strengthening Wipro’s AI & IP-led solutions for P&C Insurance sector.