Wipro Shares Gain After $1 Billion Olam Deal

Wipro shares rose up to 3% to ₹201 on the Bombay Stock Exchange (BSE) in early Monday trade after the company announced a large multi-year deal with Olam Group.

The 8-year contract is among its biggest so far, with the total value expected to cross $1 billion, including a committed spend of $800 million.

Under the agreement, Wipro will handle the full transformation of Olam Group’s operations, combining consulting with the use of artificial intelligence (AI).

At 10:21 AM, the Wipro Limited shares were trading at ₹197.15 on the BSE on 6 April 2026.

What Does The Agreement Cover?

Work will cover Olam’s full value chain, from farm operations to final delivery. Areas covered will be crop management, demand planning, trading, supply movement and customer processes.

Priority is on streamlining operations, minimising disruptions and creating a system capable of handling growth.

Olam Group is a food and agribusiness headquartered in Singapore with a market value of over $50 billion.

It employs nearly 40,000 people and the majority of its shares are held by Temasek Holdings.

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What Else Will Wipro Gain From This Deal?

In line with the agreement, Wipro is also set to acquire Mindsprint, the information technology (IT) and digital division of Olam Group. Subject to completion of all formalities and receipt of necessary approvals, the unit will be converted into a 100% owned subsidiary of Wipro.

The transaction is expected to be completed by June 2026, Q1 FY27.

Mindsprint is largely based in India and has a team of more than 3,200 people. It has been closely involved in building Olam’s digital systems over the years, especially in areas linked to agriculture and supply chains.

The unit brings ready capabilities in managing operations through digital tools.

Its products cover areas such as plantation management, procurement processes, payables, sales operations, and commodity trading, giving Wipro a base to work from within the same sector.

Source:

The Economics Times

Business Standard