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# Wipro to raise Aggne Global stake to 80% for US$28.5m
- URL: https://www.ai-360.online/wipro-raises-aggne-global-stake-to-80-percent/
- Published: 2026-06-01T12:00:00.000Z
- Updated: 2026-10-26T17:20:18.000Z
- Description: Wipro disclosed that Wipro IT Services LLC will buy another 20% of Aggne Global Inc. for US$28.5m cash, taking its holding to 80%.
- Author: AI-360
- Tags: BFSI, news, #company-aggne, Acquisition

Wipro Limited [told the BSE, NSE and NYSE in a Regulation 30 disclosure dated 1 June 2026](https://www.wipro.com/content/dam/nexus/en/investor/corporate-governance/stock-exchange-filing/disclosure-pursuant-to-regulation-30-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-2-jun-2026.pdf?ref=ai-360.online) that Wipro IT Services, LLC, a step-down subsidiary, will acquire an additional 20% of [Aggne](https://www.aggne.com/?ref=ai-360.online) Global Inc., taking its shareholding to 80%.

Cash consideration was stated as US$28.5 million attributable to Aggne Global Inc., subject to customary closing adjustments, with expected completion by 5 June 2026\. The filing said no government or regulatory approval was required and that the transaction was not a related-party deal involving promoters. The stated objective was to strengthen Wipro's competitive position in insurance, particularly AI- and IP-led P&C transformations. Aggne Group was described as Aggne Global Inc. plus affiliate Aggne Global IT Services Private Limited, providing IT consulting and managed services for P&C insurers.

Group turnover figures in the filing were US$18.9m for the year ended 31 March 2024, US$24.2m for FY25 and US$27.5m for FY26\. The disclosure cross-references Wipro's 15 February 2024 letter on the original 60% acquisition completed 14 February 2024\. Financial figures and completion timing are as stated in Wipro's SEBI filing; AI-360 has not independently verified closing.