Wipro Shares Surge Over 1.8% as $1 Billion Olam Group Deal and Mindsprint Acquisition Boost Revenue Visibility

Shares of

ro Limited jumped nearly 2% in early Monday trading after the IT services giant announced a landmark eight-year strategic transformation partnership with Singapore-based Olam Group, valued at over $1 billion. The stock rose 1.84% to trade around Rs 198.50 on the NSE, building on the positive momentum from the deal announcement. This uptick reflects investor confidence in the scale of the engagement, which provides strong revenue visibility amid a cautious demand environment for the Indian IT sector. Under the agreement, Wipro will drive an end-to-end, consulting-led, and AI-powered digital transformation for Olam Group, a leading global food and agribusiness major with operations spanning over 60 countries. The deal includes a committed spend of $800 million over the eight-year period, with the total contract value expected to exceed $1 billion. As part of the strategic engagement, Wipro will also acquire Mindsprint, Olam Group's in-house IT and digital services arm, for an enterprise value of approximately $375 million (subject to customary adjustments). Mindsprint, which employs over 3,200 professionals primarily in India, will become a wholly owned subsidiary of Wipro upon completion of the transaction, expected by the end of Q1 FY27 (June 2026).