Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 15th May 2026: Indian-origin Singaporean agribusiness firm Olam Group on Friday said it has completed the sale of its entire stake in Mindsprint to Wipro Limited for a final cash consideration of USD 386 million.
Olam said the transaction was completed after receiving all necessary regulatory approvals and fulfilling other closing conditions.
According to the company, the divestment is part of its Updated 2025 Re-organisation Plan, under which Olam intends to progressively monetise and divest assets and businesses over time.
The company added that the net proceeds from such transactions are expected to be distributed to shareholders through special dividends after accounting for the group’s operational and financing requirements.
The deal further strengthens Wipro Limited’s capabilities in technology and enterprise solutions while allowing Olam to streamline its business structure and capital allocation strategy.