Wipro507685Stake acquisition deal
Wipro arm to acquire 20% of insurance AI platform FLARRE.AI, Inc. for USD 2,000
By ScoutQuest · · 1 min read
20%Shareholding acquired
- Extent
- 20% shareholding in FLARRE.AI, Inc.
- Consideration
- Cash; USD 2,000 (price at which the shares are acquired)
- Completion Timeline
- Agreement signed October 15, 2026; completion expected by October 31, 2026
- Target
- FLARRE.AI, Inc.
- Transaction
- Acquisition of minority stake (20%) by step-down subsidiary Wipro IT Services, L
Wipro arm to acquire 20% of insurance AI platform FLARRE.AI, Inc. for USD 2,000.
Definitive agreement signed
Expected completion of acquisition expected
Also from Wipro
Mithesh Thakkar recommended a buy trade on Wipro citing a good uptrend
21 Oct 2026
Strong delivery-based buying noted in Wipro today, contrary to broader market weakness
21 Oct 2026
Q2 FY27 call: IT services revenue $2.61 billion, $2.6 billion deal wins, Q3 guidance minus 1.5% to plus 0.5%
16 Oct 2026
More numbers
- Cost of acquisitionUSD 2,000
- Percentage of shareholding acquired20%
- ConsiderationUSD 2,000
Source: BSE · 16 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.