Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million.

Synopsis IT major Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million. This acquisition will increase Wipro's total shareholding in Aggne Global to 80%. The transaction is expected to be completed by June 5, 2026. Listen to this article in summarized format IT services major Wipro on Monday said it will acquire an additional 20% stake in insurtech firm Aggne Global Inc for $28.5 million (about Rs 271 crore). Following this transaction, Wipro's overall shareholding in Aggne Global will increase to 80 per cent, the company said in a regulatory filing to the stock exchanges. The cash transaction, which is being executed through Wipro's step-down subsidiary Wipro IT Services LLC, is expected to be completed by June 5, 2026. In February 2024, Wipro acquired a 60% stake in Aggne Global IT Services Private Limited and Aggne Global Inc. "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 (P&C) sector," Wipro said. Aggne Group is an insurtech company that offers a range of AI and IP-driven services designed to help insurers transform operations and improve customer experiences. The group reported an annual turnover of $27.5 million for the financial year ended March 31, 2026. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Subscribe Now

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