Wipro Updates Timeline for Acquisition of Alpha Net Consulting LLC Customer Contracts
Wipro Ltd. has provided an update regarding the acquisition of select customer contracts belonging to Alpha Net Consulting LLC and its subsidiaries. The company previously informed stakeholders about the definitive agreement signed in April 2026, and is now modifying the expected completion date of the transaction.The definitive agreement for the acquisition was finalized on April 14, 2026. This transaction involves Wipro Ltd., through its subsidiaries, acquiring select customer contracts from Alpha Net Consulting LLC and its associated entities.
Initially, the successful completion of this acquisition was anticipated by June 30, 2026. However, in a continuation of the prior announcement, Wipro has stated that the transaction is now expected to be completed latest by September 30, 2026.
WIPRO Stock Price Movement
Today, Wipro Limited shares shed 3.21%, settling at ₹174.49 in post-market trading after a sharp decline that saw the stock plunge to its 52-week low. The equity traded under significant pressure amidst heavy volume, with nearly 24 million shares exchanged as the company closed today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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