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Wipro announced that Wipro IT Services, LLC (stepdown subsidiary) will acquire an additional 20% stake in Aggne Global Inc. for a cash consideration of USD 28.5 million. The said transaction is expected to be completed by 05 June 2026. In February 2024, Wipro and Wipro IT Services, LLC acquired 60% stake in Aggne Global IT Services and Aggne Global Inc., respectively. 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%.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.

Wipro announced its expanded partnership with ServiceNow to implement and scale the impact of agentic AI workflows across core enterprise functions such as IT, HR, procurement, and cybersecurity. Under this expanded partnership, Wipro will integrate Wipro Intelligence�, its unified suite of AI-powered platforms, solutions, and transformative offerings, with the ServiceNow AI Platform enabling organizations to streamline the initiation, orchestration, and execution of work across enterprise systems. By reducing manual coordination and improving visibility into how work progresses across core functions, enterprises can accelerate turnaround times while strengthening accountability and operational governance.

Wipro has allotted 38,24,940 equity shares under ADS Restricted Stock Unit Plan 2004, 1,59,198 equity shares under the Restricted Stock Unit Plan 2007 and 14,65,258 under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on 05 May 2026, pursuant to exercise of ESOPs.

Wipro has allotted 3,41,897 equity shares under ADS Restricted Stock Unit Plan 2004 and 37,984 equity shares under the Restricted Stock Unit Plan 2007 on 21 April 2026, pursuant to exercise of ESOPs.

Net profit of Wipro declined 1.90% to Rs 3501.80 crore in the quarter ended March 2026 as against Rs 3569.60 crore during the previous quarter ended March 2025. Sales rose 7.70% to Rs 24236.30 crore in the quarter ended March 2026 as against Rs 22504.20 crore during the previous quarter ended March 2025.For the full year,net profit rose 0.47% to Rs 13197.40 crore in the year ended March 2026 as against Rs 13135.40 crore during the previous year ended March 2025. Sales rose 3.97% to Rs 92624.00 crore in the year ended March 2026 as against Rs 89088.40 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales24236.3022504.20 8 92624.0089088.40 4 OPM %20.2620.55 -19.2320.23 - PBDT5396.105464.70 -1 20252.9020453.60 -1 PBT4667.604743.00 -2 17342.2017495.70 -1 NP3501.803569.60 -2 13197.4013135.40 0 Powered by Capital Market - Live News