Wipro Limited has completed the acquisition of an additional 20% stake in Aggne Global IT Services Private Limited on June 18, 2026, for a purchase consideration of USD 2.1 Million. With this transaction, Wipro's total shareholding in the target entity has increased to 80%. The strategic move aims to strengthen Wipro's competitive advantage in the Property & Casualty Insurance sector by driving AI and IP-led transformations.

Aggne Global IT Services Private Limited is part of the Aggne Group, a fast-growing Insurtech company specializing in AI and Intellectual Property-driven services. The acquisition is not a related party transaction, and no government or regulatory approvals were required for the deal. The consideration was paid in cash, subject to customary closing adjustments.

Aggne Group has reported consistent growth in turnover over the last three fiscal years, as outlined below:

Details of the Acquisition

The following table outlines the key particulars of the transaction as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Wipro had previously acquired a 60% stake in Aggne Global IT Services Private Limited and Aggne Global Inc. in February 2024. The current acquisition of an additional 20% stake consolidates Wipro's position in the Insurtech domain.

Wipro Limited announced the successful completion of a large-scale, multi-year data center migration program for METRO AG on June 18, 2026. This milestone establishes a resilient, scalable, and future-ready digital foundation to support METRO's cloud-first strategy and long-term digital transformation agenda. The migration shifts METRO's IT operations from legacy data centers to a modern multi-cloud ecosystem, enabling the international food wholesaler to accelerate innovation and adopt AI at scale.

The program serves as a core pillar of METRO's strategy to become an AI-first company. By transitioning to a cloud-based IT landscape, METRO aims to strengthen cybersecurity, enhance digital capabilities, and improve agility. The project was delivered through a phased and risk-controlled approach, ensuring business continuity while modernizing the underlying infrastructure.

Strategic Partnership and Automation

Wipro and METRO have built a digital backbone designed to support future growth. The engagement includes intelligent automation across key operational areas, such as user lifecycle management. These capabilities, powered by Wipro Intelligence™, manage service requests autonomously to improve turnaround times and accuracy.

Wipro applied advanced AI-driven engineering tools to accelerate software development cycles and enhance code quality. This approach enables METRO to identify recurring patterns and systemic issues, thereby strengthening decision-making and improving overall stability. The collaboration reflects Wipro's ability to deliver large-scale enterprise transformation with precision and measurable impact.

Project Timeline and Ecosystem

The partnership between Wipro and METRO AG began with a strategic digital and IT partnership deal announced in December 2020. This relationship was subsequently extended in June 2025. The recent data center exit involved collaboration with partner ecosystems, including Google Cloud, which provides the foundational architecture for the new environment.

Tara Brady, President of EMEA at Google Cloud, noted that the exit from legacy infrastructure positions METRO to lead in the AI era. The new foundation provides the data architecture, scalability, and security required to drive real-time innovation and long-term business value.