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Wipro shares in focus on deal to acquire additional stake in Aggne Global for $28.5 million. Check details
Wipro is set to acquire an additional 20% stake in US-based insurtech company Aggne Global Inc for $28.5 million, increasing its ownership to 80%. This move aims to bolster Wipro's position in the insurance sector, particularly in AI-led transformation solutions for the P&C segment. The transaction is expected to conclude by June 5.
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economictimes.indiatimes.com
Wipro to acquire additional 20% stake in insurtech firm Aggne Global for $28.5 million - The Economic Times
IT major Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million. This acquisition will increase Wipro's total…
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thehindubusinessline.com
Wipro raises Aggne Global holding to 80% with $28.5 million investment
Wipro boosts its stake in Aggne Global to 80% with a $28.5 million investment, enhancing its insurance technology capabilities.
