Wipro extends deadline for Alpha Net contract acquisition to December 2026

The IT services company has pushed the completion deadline for the deal for the second time, without giving a reason for the delay.

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Wipro has extended the deadline to complete its acquisition of select customer contracts of Alpha Net Consulting LLC to December 31, 2026, from September 30.

This is the second time Wipro has pushed back the completion timeline.

Wipro first announced the deal on April 15, saying its subsidiaries had signed an agreement to acquire select customer contracts of Alpha Net Consulting and its subsidiaries.

The company had later said in a June 23 filing that the transaction was expected to be completed by September 30.

In its latest regulatory filing, Wipro said the transaction is now “expected to be completed at the latest by December 31, 2026”.

The company did not give a reason for the revised timeline.

The filing also did not disclose the financial terms of the deal or the size of the customer contracts being acquired.

Shares of Wipro closed at ₹158.50 on the NSE on Tuesday, up ₹1.71, or 1.09%, from the previous close.