Wipro to up its stake in U.S. firm Aggne Global to 80%

Wipro IT Services volition get an further 20% involvement successful Aggne Global Inc, an insurtech institution headquartered successful Florida, with its superior planetary affiliate Aggne Global IT Services based successful Hyderabad, Telangana.

The currency deal, nether a acquisition information of $28.5 million, is expected to beryllium completed by June 5, 2026, arsenic per a regulatory filing made by Wipro connected Friday (May 30, 2026).

With this further 20%, Wipro IT Services has upped its holding successful Aggne Global Inc., from 60% to 80%. Wipro Limited and Wipro IT Services, had acquired 60% involvement successful Aggne Global successful February 2024.

On the nonsubjective of the acquisition, Wipro’s filing further said, this further involvement acquisition successful Aggne would further fortify Wipro’s competitory vantage successful the security sector—particularly successful driving AI, and IP-led transformations for the Property & Casualty Insurance (P&C) sector.

Wipro besides said, a abstracted disclosure would beryllium made connected acquisition of immoderate further stake.