Wipro Limited (BSE:507685) agreed to acquire 60% stake in Aggne Global Inc for $66 million on February 13, 2024. The consideration consists of $66 million in cash. The transaction also includes the acquisition of Aggne Global's affiliate, Aggne Global IT Services Private Limited. The transaction is subject to customary closing adjustments as per terms of the purchase agreement. Wipro Limited currently acquiring 60%, with an option to purchase the remaining stake over a period of time. The transaction is expected to be completed at the latest by February 14, 2024.

Wipro Limited (BSE:507685) completed the acquisition of 60% stake in Aggne Global Inc on February 14, 2024. Vivek Subramanyam and team of Technology Holdings acted as financial advisor to Aggne Global in this transaction. Charles A. Samuelson, Alan Kravitz, Justin S. Cohen, Sean M. Reilly, Sabrina Silverberg, Charles Wachsstock, Daniel H. Weiner and Robert Candella of Hughes Hubbard & Reed LLP acted as a legal advisor to Wipro Limited.