Wipro shares in focus as IT firm acquires additional 20% stake in Aggne Global for $2.1 million

Wipro shares will be on investors’ radar as the IT services firm on Thursday, June 18, said it will acquire an additional 20% stake in Aggne Global IT Services Private for $2.1 million.

The Indian IT services major, in a regulatory filing, said that the additional stake purchase in Aggne will further strengthen its competitive advantage in the insurance sector, particularly in driving AI- and IP-led transformation for the Property & Casualty (P&C) segment. Following the transaction, Wipro’s shareholding in Aggne Global IT Services Private will increase to 80%.

The transaction is expected to be completed by June 30, 2026.

“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 in a regulatory filing.

In February 2024, Wipro had acquired a 60% stake in both Aggne Global IT Services and Aggne Global Inc.

Aggne Group is an insurtech company offering a range of AI- and intellectual property-driven services aimed at helping insurers transform operations, improve efficiencies, and enhance customer experience.

The company reported annual turnover of $18.9 million in FY24, $24.2 million in FY25, and $27.5 million in FY26 (for the period ended March 31).

In a separate filing, Wipro also said it has completed a large-scale, multi-year data center migration program for international food wholesaler METRO.

Wipro share price trends

On Thursday, Wipro shares closed at ₹182.84 apiece on the National Stock Exchange, falling 0.88%.

Over a month’s time, the stock has fallen 5%, while it has lost 31% in the last six months. From the beginning of the year, Wipro shares have tumbled 32%.

Shares of the company had touched their one-year high of ₹273.10 apiece on December 22, 2025, while their 52-week low of ₹175.83 was hit on June 11, 2026.

According to NSE data, the company has a market capitalisation of ₹1.92 lakh crore as of June 16, 2026.