Olam Completes Mindsprint Sale to Wipro for $386M

Singapore, May 15 (PTI) Indian-origin Singaporean business Olam Group Ltd has completed the sale of its 100 per cent stake in Mindsprint Pte Ltd to Wipro Limited for a final cash consideration of USD 386 million.

The completion of the sale follows receipt of all necessary regulatory approvals and satisfaction of other closing conditions, Olam said Friday.

The sale of Mindsprint is aligned with the Group's Updated 2025 Re-organisation Plan to responsibly divest and monetise the assets and businesses of Olam over time and progressively distribute the net proceeds to the company's shareholders via special dividends after taking into account prevailing operational and financing needs of the group.


Yap Chee Keong, Chairman at Olam Group, said, "The completion of the Mindsprint divestment marks another significant step forward in our Re-organisation Plan, and follows the completion of the landmark sale of 44.58 per cent stake in Olam Agri to SALIC (taking SALIC's ownership of Olam Agri to 80.01 per cent) which we announced in April 2026."

While Mindsprint ceases to be a subsidiary of Olam Group, the company will continue to support the technology and shared services requirements of the Group under the eight-year strategic agreement with Wipro.

Olam Group Limited is a leading food and agri-business operating across the value chain in more than 50 countries, supplying high-quality food and beverage ingredients and solutions, as well as agri-food and industrial products to 11,000+ customers worldwide.