WIPRO: SUBSIDIARY TO ACQUIRE 20% STAKE IN US-BASED AI COMPANY FLARRE.AI 🟢

• Acquirer: Wipro IT Services LLC, a wholly owned subsidiary of Wipro. • Target: FLARRE.AI, Inc., an AI-based platform focused on the insurance industry. • Stake Acquisition: 20% for $2,000 in cash. • Objective: Strengthen Wipro's AI capabilities in the global insurance sector. • AI Applications: Underwriting, claims processing, insurance operations and workflow automation. • Expected Completion: October 31, 2026. Impact: Strategically Positive 🟢 — Expands Wipro's insurance-focused AI capabilities, although the transaction is financially immaterial.

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