Wipro Limited has successfully completed its acquisition of Olam Group's IT and digital services business, Mindsprint, following the completion of all relevant regulatory approvals. The transaction closed on May 15, 2026, ahead of the originally anticipated deadline of June 30, 2026. Under the terms of the deal, Mindsprint has become a wholly owned subsidiary of Wipro, operating as "Mindsprint, a Wipro Company".

Transaction Overview

The acquisition was initiated through a definitive agreement signed on April 6, 2026, as part of Wipro's 8-year strategic transformation deal with Olam Group — a leading US$ 50+ billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. The following table summarises the key details of the transaction:

Strategic Rationale

The strategic engagement with Olam Group expands Wipro's farm-to-fork capabilities, scaling the impact of Wipro Intelligence™ across the food and agri-business industry. Mindsprint's deep domain expertise and IP-led solutions — particularly across supply chain and commodity trading — combined with Wipro's consulting-led and AI-powered capabilities, aim to unlock growth opportunities, catalyse innovation, and drive market-ready transformation for Olam Group and Wipro's global clients. Key areas of focus include farming, forecasting, trading, supply-chain operations, and customer engagement.

Mindsprint employs over 3,200 professionals and has been an enabler of Olam Group's digital transformation journey. It brings strong capabilities in supply chain transformation, digital platforms, and proprietary IP-led solutions, including:

• Farmsprint® — for plantation management
• Procuresprint® — for agentic AI-enabled procurement transformation
• SprintAP™ — for payables transformation
• Salessprint™ — for sales operations
• Tradesprint® — Commodity Trading and Risk Management platform

Leadership Statements

Vinay Firake, Chief Executive Officer of Wipro's APMEA Strategic Market Unit, commented: "We are pleased to welcome the leadership team, employees, and clients of Mindsprint to Wipro. Our strategic engagement with Olam Group, combined with the acquisition of Mindsprint, strengthens Wipro's position in the areas of supply chain and commodity trading, as well as the global food and agri-business sector, and expands our ability to deliver AI-powered, IP-led, and domain-centric transformation at scale. Mindsprint's farm-to-fork expertise deepens our value chain capabilities, accelerates the global deployment of Wipro Intelligence™, and enhances our ability to drive sustainable growth, operational leverage, and long-term business value."

Suresh Sundararajan, Chief Executive Officer of Mindsprint, added: "This acquisition marks an important milestone in Mindsprint's journey. Becoming part of Wipro provides our teams with a global platform, greater scale, and access to deep consulting, engineering, and AI-powered capabilities. Our strong domain expertise in food, agri-business, and supply chain intensive industries, combined with Wipro's global reach and technology leadership, creates a powerful opportunity to deliver differentiated, end-to-end transformation for clients. I am excited about what this next phase means for our people, and the long-term value we can create together for Olam Group and our clients across the industry."

Regulatory Disclosure

The development was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by M Sanaulla Khan, Company Secretary of Wipro Limited, on May 15, 2026.

Wipro Limited allotted a total of 26,69,612 equity shares on May 13, 2026, pursuant to the exercise of Employee Stock Option Plans (ESOPs). The allotment was made across three distinct employee stock plans and was formally communicated to the stock exchanges by Company Secretary M Sanaulla Khan.

Equity Share Allotment Details

The allotment was distributed across three employee stock benefit schemes. The following table provides a breakdown of the shares allotted under each plan:

Regulatory Disclosure

The allotment was disclosed to BSE Limited and the National Stock Exchange of India Limited in accordance with applicable listing obligations. The communication was signed by M Sanaulla Khan, Company Secretary of Wipro Limited, on May 13, 2026. Wipro's registered office is located at Doddakannelli, Sarjapur Road, Bengaluru 560 035, India.