Wipro to buy 20% stake more in Aggne Global for $2 million

IT services major Wipro on Thursday said it will acquire an additional 20% stake in Aggne Global IT Services Private Limited for $2.1 million (about Rs 19.8 crore).

Following the latest transaction, Wipro's overall shareholding in Aggne Global IT will increase to 80%, the company said in a regulatory filing.

The cash transaction is expected to be completed by June 30, 2026. This follows the company's announcement earlier this month regarding the acquisition of 20% additional stake in the US-based affiliate, Aggne Global Inc, for $28.5 million.


In February 2024, Wipro had acquired 60% stake in both Aggne Global IT Services 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 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 financial year ended March 31, 2026.