WIPRO LTD — M&A Activity 2026

Jun 1, 2026

wipro

June 1, 2026

The Manager - Listing
BSE Limited
(BSE: 507685)

The Manager - Listing
National Stock Exchange of India Limited
(NSE: WIPRO)

The Market Operations,
NYSE, New York
(NYSE: WIT)

Dear Sir/Madam,

Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Please refer to the letter dated February 15, 2024, wherein it was informed that Wipro Limited and Wipro IT Services, LLC (step-down subsidiary) had acquired 60% stake in Aggne Global IT Services Private Limited and Aggne Global Inc., respectively and that the said transaction was completed on February 14, 2024.

In continuation to the aforesaid letter, it is hereby informed that Wipro IT Services, LLC (step-down subsidiary) will acquire an additional 20% stake in Aggne Global Inc. The said transaction is expected to be completed by June 5, 2026.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI circulars are provided in Annexure-1.

This is for your information and records.

Thanking you.

For Wipro Limited

Sanaulla Khan
Mohammed
Digitally signed by Sanaulla Khan

M Sanaulla Khan
Company Secretary

Registered Office:

Wipro Limited
Doddakannelli
Sarjapur Road
Bengaluru 560 035
India

T : +91 (80) 2844 0011
F : +91 (80) 2844 0054
E : info@wipro.com
W : wipro.com
C : L32102KA1945PLC020800

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Annexure -1

Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI Circulars

Sr. No.	Particulars	Description
1	Name of the target entity	Aggne Global Inc., part of Aggne Group (Aggne Group comprises of Aggne Global Inc., and its affiliate Aggne Global IT Services Private Limited).
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired?	No
3	Industry of Target entity	Information Technology, consulting, and managed services for the Property & Casualty Insurance industry.
4	Acquisition objectives and Impact of acquisition	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.
With this, Wipro IT Services, LLC's shareholding in Aggne Global Inc., will increase to 80%.
5	Government or regulatory approval required	None
6	Indicative time period for completion of acquisition	The transaction is expected to be completed at the latest by June 5, 2026.
7	Nature of consideration	Cash
8	Cost of acquisition and / or the price at which the shares are acquired	Purchase consideration of USD 28.5 Million (attributable to Aggne Global Inc.), subject to customary closing adjustments.
9	Percentage of shareholding acquired	Currently acquiring additional 20% which takes Wipro IT Services, LLC's overall shareholding in Aggne Global Inc., to 80%. A separate disclosure will be made on acquisition of any further stake.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	Aggne Group is a fast-growing Insurtech company offering a wide range of AI, and Intellectual Property driven services designed to help insurers transform operations, drive new efficiencies, and deliver optimal customer experiences.
Aggne Group's annual turnover for the last 3 completed years (for the period ended 31 March): USD 18.9 Mn (FY24); USD 24.2 Mn (FY25) and USD 27.5 Mn (FY26).