Wipro IT Services will acquire an additional 20% stake in Aggne Global Inc, an insurtech company headquartered in Florida, with its primary global affiliate Aggne Global IT Services based in Hyderabad, Telangana.

The cash deal, under a purchase consideration of $28.5 million, is expected to be completed by June 5, 2026, as per a regulatory filing made by Wipro on Friday (May 30, 2026).

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

On the objective of the acquisition, Wipro’s filing further said, this additional stake purchase in Aggne would 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 also said, a separate disclosure would be made on acquisition of any further stake.